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 155.28 billion Naira [US$506.21 million]
of which 29%
was Treasury and Investment),
Unity Bank Plc.
(89.85 billion Naira [US$292.92 million]
Fidelity Bank Plc
(180.16 billion Naira [US$587.32 million]
of which 42%
was Retail Banking).
During the year ended December of 2017, sales at
Sterling Bank Public Limited Company were 133.43 billion Naira (US$434.99 million).
increase of 19.8%
versus 2016, when the company's sales were 111.36 billion Naira.
This was the fifth consecutive year of sales increases at Sterling Bank Public Limited Company
(and since 2012, sales have increased a total of 94%).
Sales of Spv saw an increase
that was more than double the company's growth rate: sales were up
597.2% in 2017, from
202.23 million Naira to 1.41 billion Naira.
Sterling Bank Public Limited Company also saw significant increases in sales in
Commercial and Institutional (up 56.5% to 44.00 billion Naira)
Non-Interest Banking (up 536.7% to 3.15 billion Naira)
Not all segments of Sterling Bank Public Limited Company experienced an increase in sales in 2017:
sales of Retail Banking fell 38.6% to 12.42 billion Naira.
Sterling Bank Public Limited Company also experienced decreases in sales in
Corporate and Investment (down 1.5% to 49.33 billion Naira)