Sterling Bank Plc has again produced another set of millionaires in its on-going savers reward promo initiated to reward customer loyalty and encourage savings culture among Nigerians. At the end of the third draw held in Lagos at the weekend, 16 individual customers with a monthly balance of ₦25,000 in their savings accounts won ₦1 […]
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Continental Reinsurance Plc, Sterling Bank Plc and Access Bank Plc (measured by volume) were the top traded equities last week as they accounted for 412.840 million shares worth ₦1.486bn in 817 deals. The equities contributed 31.14 per cent and 10.55 per cent to the total equity turnover volume and value, respectively. A total turnover of […]
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Sterling Bank Plc has won the Housing Friendly Commercial Bank of the Year Award for its remarkable impact on housing delivery in Nigeria’s housing sector. Receiving the award at the 12th edition of the Abuja Housing Awards in the Federal Capital Territory (FCT), Abuja recently, Sterling Bank’s Non-Interest Banking (NIB) Group Head, Mr. Basheer Oshodi […]
Read More Sterling Bank Plc has completed the training of 70 kids on coding language at its 2017 summer code camp in Lagos in furtherance of its commitment to strengthening early childhood education practice in the country. The summer code camp which had children between the ages of six and 15 in attendance was organised in collaboration […]
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The Apapa branch of Sterling Bank Plc was burnt down on Wednesday by irate mob of truck drivers over an alleged killing of three persons by a Mobile Police officer stationed at the bank, following ensuing arguiment over wrongful parking in front of the bank. According to an eye witness account trouble started after a […]
Read More Sterling Bank Plc and LEAP Africa have collaborated to enhance the growth of the Small and Medium-scale Enterprises, and by extension, the economy. The Chief Marketing Officer, Sterling Bank, Mr. Henry Bassey, said the partnership between the lender and LEAP Africa was designed to enhance business growth. Bassey spoke at a joint press conference organised […]
Read More Sterling Investment Management SPV Plc, a special purpose vehicle floated by Sterling Bank Plc, at the weekend listed its ₦8 billion bond on the Nigerian Stock Exchange (NSE). A total of 7.965 million units were listed at par value of N100 at the weekend. Sterling Investment Management SPV’s ₦7.965 billion bond is a seven-year 16.50 […]
Read More Sterling Bank Plc grew headline earnings by 12 per cent to N28.6 billion in the first quarter of 2017 as the bank’s net interest margin improved to 8.2 per cent within the first three months. The first-quarter report released at the weekend showed continuing improvement in the underlying core banking business of the bank as […]
Read More Sterling Bank has introduced a start-up proposition account for small businesses. The new proposition offers free banking for businesses in the first three years of their registration and incorporation. The bank in a statement signed by its Chief Marketing Officer, Henry Bassey noted that most small business owners avoid opening and operating bank accounts for […]
Read More Sterling Bank Plc has committed over N500m to various activities under the Sterling Environmental Make-Over in the last five years, the Managing Director and Chief Executive Officer of the bank, Mr. Yemi Adeola, has said. STEM is one of the bank’s social responsibility initiatives. It is meant to reduce the effects of the environment on […]
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The Central Bank of Nigeria has imposed a total fine of N3.2bn on United Bank for Africa Plc, Zenith Bank Plc, Guaranty Trust Bank Plc, and Sterling Bank Plc for committing various kinds of regulatory infractions. The offences, which were committed during the 2015 financial year, were contained in the annual reports of the affected […]
Read More STERLING Bank Plc has posted a profit after tax of N10.3bn for the year ended December 31, 2015, which represents a rise of 14.3 per cent over last year’s figure. Its profit before tax rose by 2.5 per cent to N11bn, which the bank attributed to a higher retention of organic capital, compared to the previous […]
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