Sterling Bank Plc, a full service national commercial bank, has reported a net operating income of N18.779 billion during its first quarter ended March 31, 2020 compared with N18.565 billion during the corresponding period of 2019, representing an increase of 1.2 percent.
The Chief Executive Officer of The Nigerian Stock Exchange (“NSE” or “The Exchange”), Mr. Oscar Onyema, has further expressed NSE’s commitment to providing corporates and investors, access to the market in meeting their financial and investment needs during this period and beyond. He made this known during the first-ever Digital Closing Gong ceremony hosted by The Exchange via Instagram Live on Thursday, 16 April 2020, in honour of the contributions of Sterling Bank Plc to the fight against COVID-19 in Nigeria.
Sterling Bank Plc, Nigeria’s leading commercial bank, has partnered with more than 1, 000 reputable healthcare centres and hospitals nationwide to launch a health insurance scheme. The scheme gives Nigerians access to qualitative and affordable healthcare services nationwide.
Giving.ng, a crowdfunding platform, has said it is partnering Sterling Bank Plc, Nigeria’s leading commercial bank, to raise N1 billion from donors to support healthcare professionals taking care of persons infected with the Coronavirus disease (COVID-19) across the country
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 […]