Dipo Olowookere
By Dipo Olowookere
A profit before tax of N9.5 billion has been declared by Sterling Bank Plc for the year ended December 31, 2018. This is higher than the N8.1 billion achieved in the 2017 financial year.
On Friday, the lender posted its financial scorecard for 2018 and an analysis showed that the profit after tax appreciated to N9.2 billion from N8 billion declared in the previous year.
A total of N125.2 billion was made as interest income during the year under review, higher than N110.3 of the previous year.
The amount raked from fees and commission income was N15.2 billion versus N12.9 billion in 2017, while the total amount from operating income stood was N82.3 billion against N73.4 billion in the corresponding period of 2017.
During the year, the earnings per share rose to 32 kobo from 28 kobo. View the full results HERE
