Sterling Bank declares N103.7b gross earnings in 2014

 

Sterling Bank Plc has announced N103.7 billion as its gross earnings for the financial year ended December 31, 2014. The News Agency of Nigeria reports that the amount is 13 per cent higher than the N91.6 billion it declared in 2013. The figure was contained in the company’s audited result released by the Nigerian Stock Exchange on Wednesday in Lagos. The bank’s profit before tax rose by 15.4 per cent to N10.7 billion against N7.5 billion posted in the preceding period of 2013. Also, its net interest income rose by 20.1 per cent to N43.0 billion in contrast to N35.8 billion recorded in 2013. The bank’s cost of funds dropped to 5.3 per cent from 6.1 per cent declared in 2013. Similarly, the non-interest income grew by 18.3 per cent to N25.7 billion against N21.8 billion in 2013.

Culled from: The Eagle Online

Sterling Bank Plc has announced N103.7 billion as its gross earnings for the financial year ended December 31, 2014. The News Agency of Nigeria reports that the amount is 13 per cent higher than the N91.6 billion it declared in 2013. The figure was contained in the company’s audited result released by the Nigerian Stock Exchange on Wednesday in Lagos. The bank’s profit before tax rose by 15.4 per cent to N10.7 billion against N7.5 billion posted in the preceding period of 2013. Also, its net interest income rose by 20.1 per cent to N43.0 billion in contrast to N35.8 billion recorded in 2013. The bank’s cost of funds dropped to 5.3 per cent from 6.1 per cent declared in 2013. Similarly, the non-interest income grew by 18.3 per cent to N25.7 billion against N21.8 billion in 2013.

Culled from: The Eagle Online

Sterling Bank Plc has announced N103.7 billion as its gross earnings for the financial year ended December 31, 2014. The News Agency of Nigeria reports that the amount is 13 per cent higher than the N91.6 billion it declared in 2013.

The figure was contained in the company’s audited result released by the Nigerian Stock Exchange on Wednesday in Lagos.

The bank’s profit before tax rose by 15.4 per cent to N10.7 billion against N7.5 billion posted in the preceding period of 2013. Also, its net interest income rose by 20.1 per cent to N43.0 billion in contrast to N35.8 billion recorded in 2013.

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