Sterling Bank Posts 24% Increase In Pre-tax Profit


News: Nigeria-based Sterling Bank registered a 24% year-on-year (y-o-y) increase in pre-tax profit to NGN9.31bn (US$56.51mn) for the financial year ended December 31 2013. The bank intends to make a dividend payment of NGN0.25 (US$0.0015) per share from its profit, representing a 25% y-o-y increase. Sterling Bank's gross earnings increased to NGN91.62bn (US$551.86mn) in 2013, compared with NGN68.85bn (US$414.71mn) in 2012, according to a filing with the Nigerian Stock Exchange, as cited by Reuters.

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Related sectors of this article: Business Environment, Banking/Finance
Geography: Nigeria