Sterling Bank Plc says it has obtained an approval-in-principle by the Central Bank of Nigeria for its proposed non-interest banking business known as Alternative Bank Limited. Temitayo Adegoke, secretary at
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Asue Ighodalo, chairman of Sterling Bank Plc, says the organisation is considering changing its operational structure from that of a bank to a holding company. Speaking at the bank’s annual
Sterling Bank has reported a profit after tax of N8.5 billion for 2017, as against N5.2billion for the corresponding period in 2016. The spike represents a 65 percent increase in profitability.
Sterling Bank Plc will continue its legal battle with Hotel Excel Limited over a N1.9 billion debt, the bank said
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