Sterling Bank Board Approves 2018 FY Results

By Dipo Olowookere

The audited financial statements of Sterling Bank Plc for the year ended December 31, 2018, have been approved by the board of directors of the bank.

The financial results were okayed by the board at its meeting held on Tuesday, February 26, 2019, in Lagos.

With the board approval, the company’s financial accounts would now be forwarded to the Central Bank of Nigeria (CBN) for its scrutiny.

If the apex bank, which is the regulatory agency for the banking industry in the country, okays the results, the lender will then release the results to the general public on the website of the Nigerian Stock Exchange (NSE).

The financial institution, in a statement, said, “We are pleased to inform our shareholders and other stakeholders that the board of Sterling Bank Plc as its meeting of February 26, 2019 approved the audited financial statements for the year ended December 31, 2018 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 same by the CBN.”