Sterling Bank Plc, a full-service national commercial bank, has reported a net interest income growth of N47.53 billion for the third quarter ended September 30, 2019 as against N39.834 billion for the corresponding period of 2018, representing a growth of 19.3 percent.
Sterling Bank Plc has reported a net interest income growth of 19.1 per cent to N30.4 billion for the half-year ended June 30, 2019 as against N25.5 billion for the corresponding period of 2018.
Sterling Bank Commences Bankruptcy Proceeding Against Lagos businessman, Jaiyesimi Of Friends Colony Lekki
A Federal high court sitting in Lagos south west Nigeria has restrained a Lagos businessman Adeniyi Adebulugbe Jaiyesimi who resides at 16 Wesley Close, luxurious friends colony estate, Lekki and carries on business at Donex Technical Services Ltd. as the Managing Director of the company from operating, withdrawing from or dealing with his funds in any bank or financial institution within Nigeria pending the hearing of the Bankruptcy suit filed against him.
Some shareholders of Sterling Bank Plc have expressed excitement over the 39 per cent profit growth for the nine months ended September 30, 2018, recorded by the financial institution, saying it will translates to higher dividends at the end of the year. Sterling Bank sustained its steady growth in profitability with profit before tax growing […]
Sterling Bank Plc has said it would always adopt amicable resolution or when necessary, drastic legal actions to achieve debt recovery outcomes. Such strategies include restructuring for accelerated payoffs and possible foreclosure or disposal of pledged assets of defaulting debtors. This will ensure a progressive drop in the bank’s Non-Performing Loan (NPL) ratio which has […]
–Says Skye Bank Takeover Good For Sector Tayo Olanipekun Nigerian banks’ earnings will come under pressure and capital metrics will decline marginally over the next 12 to 18 months, Moody’s has said. It noted in its latest Nigeria Banking System Outlook that the sector’s asset quality will remain weak with deterioration in loan performance that […]
Sterling Bank Plc has said that an armed mobile policeman fleeing from an irate mob after shooting a tanker driver disrupted banking operations at the Sterling Bank branch on Creek Road this morning. The bank said that the mobile policeman ran into the premises of the bank to escape being lynched. According to a statement […]