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Sterling Bank Board Okays 2016 Financial Results

By Modupe Gbadeyanka

The Board of Directors of Sterling Bank Plc has approved the financial statements of the company for the year ended December 31, 2016, Business Post reports.

The board held a meeting in Lagos on Tuesday, March 7, 2017, where the financial results were considered and subsequently approved.

However, the board has sent the documents to the Central Bank of Nigeria (CBN) for approval.

The bank, in a statement to the Nigerian Stock Exchange (NSE), explained that it would release the financial statements to it upon the CBN nod.

“We are pleased to inform you that the Board of Sterling Bank Plc at its meeting of Tuesday, March 7, 2017, approved the audited Financial Statements for the year ended December 31, 2016 subject to the approval of the Central Bank of Nigeria (CBN).

“Kindly note that details of the Financial Statements will be communicated to you upon approval of the same by the CBN,” it said in the statement.

Modupe Gbadeyanka is a fast-rising journalist with Business Post Nigeria. Her passion for journalism is amazing. She is willing to learn more with a view to becoming one of the best pen-pushers in Nigeria. Her role models are the duo of CNN's Richard Quest and Christiane Amanpour.

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