Sterling Bank Public Limited Company operates within the Commercial banks sector.
In addition to historical fundamental analyses, the complete report available to purchase compares Sterling Bank Public Limited Company with three other
companies in this sector in Nigeria:
Union Bank of Nigeria PLC
sales of 108.28 billion Naira [US$355.14 million]
of which 35%
was Commercial Banking),
Unity Bank Plc.
(78.81 billion Naira [US$258.48 million]
Fidelity Bank Plc
(146.66 billion Naira [US$481.03 million]
of which 40%
was Corporate Banking).
During the year ended December of 2015, sales at
Sterling Bank Public Limited Company were 108.88 billion Naira (US$357.13 million).
increase of 5.0%
versus 2014, when the company's sales were 103.68 billion Naira.
This was the fifth consecutive year of sales increases at Sterling Bank Public Limited Company
(and since 2010, sales have increased a total of 217%).
Sales of Investment Banking saw an increase
that was more than double the company's growth rate: sales were up
309.4% in 2015, from
66.24 million Naira to 271.20 million Naira.
Sterling Bank Public Limited Company also saw significant increases in sales in
Corporate Banking (up 134.9% to 38.21 billion Naira)
Treasury (up 113.6% to 27.34 billion Naira)
Not all segments of Sterling Bank Public Limited Company experienced an increase in sales in 2015:
sales of Retail Banking fell 69.1% to 15.09 billion Naira.