Sterling Specta N10bn loan records zero NPL, targets N40bn second tranche

STERLING Bank Plc has disclosed that the Specta N10 billion loan scheme launched last year has recorded zero Non Performing Loan, NPL and thus has concluded arrangement to launch the second phase by increasing the loan size to N40 billion marks this year. The second phase is expected to commence today (Monday) and borrowers, who take the loan between today and Valentine day, (February 14, 2019) would be given a reduced interest rate of 1.92 percent.