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BANKING & FINANCECOVER

Sterling Bank Records N7.2billion Profit After Tax in Q3 2015

Sterling Bank , on Thursday, October 29, released its interim earnings report for the third quarter, showing steady growth in the top-line and bottomline.

The nine-month report for the period ended September 30, 2015 showed gross earnings and net income rising by 12 per cent and 6.9 per cent respectively.

Key extracts from the earnings report showed gross earnings of N82 billion in the third quarter of 2015 compared with N73.1billion recorded in the corresponding period of 2014.

Non-interest income leaped by 13.3 per cent from N18.1 billion in 2014 to N20.5 billion in the period under review.

Profit after tax soared by N400 million to N7.5 billion in the third quarter 2015 as against N7.1 billion recorded in the corresponding period of 2014.

 

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