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 144.88 billion Naira [US$472.32 million]
of which 46%
was Treasury and Investment),
Fidelity Bank Plc
(188.86 billion Naira [US$615.68 million]
of which 46%
was Retail Banking), and
Stanbic IBTC Bank Plc
(220.92 billion Naira [US$720.18 million]
of which 37%
was Corporate & Investment Banking).
During the year ended December of 2018, sales at
Sterling Bank Public Limited Company were 149.38 billion Naira (US$486.96 million).
increase of 11.9%
versus 2017, when the company's sales were 133.43 billion Naira.
This was the fifth consecutive year of sales increases at Sterling Bank Public Limited Company
(and since 2013, sales have increased a total of 63%).
Sales of Non-Interest Banking saw an increase
17.3% in 2018, from
3.15 billion Naira to 3.70 billion Naira.
Not all segments of Sterling Bank Public Limited Company experienced an increase in sales in 2018:
sales of Retail Banking fell 37.0% to 7.82 billion Naira.
Sterling Bank Public Limited Company also experienced decreases in sales in
Spv (down 35.1% to 915.00 million Naira)