Sterling Bank Records 7.5b Profit-After-Tax

imageSterling Bank Plc on Wednesday said it had recorded a profit-after-tax of N7.55 billion for the nine-month period ended Sept. 30, 2015.

The bank disclosed this in its unaudited results released by the Nigerian Stock Exchange (NSE) in Lagos.

This represented a 6.86 percentage increase on the N7.06 billion the bank declared in the corresponding period of 2014.

Sterling Bank’s gross earnings rose by 12.02 per cent to N81.81 billion from N73.03 billion recorded in a similar period in 2014.

Also, the net interest income declined by 0.74 per cent from the N30.39 billion as at Sept. 30, 2014 to the N30.17 billion recorded in the period under review.

Net assets, however, dropped by 4.8 per cent to N704.35 billion from the N739.82 billion recorded in the same period last year. (NAN)

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