Sterling Bank reports 6% drop in profit (2017 H1)

Sterling Bank released its condensed interim financial results for the period ended 30 June 2017 ; See below

Interest income N’m

2017 6 Months | 49,797

2016 6 Months | 41,541

%age Change| 20%

Pre Tax  Profit N’m

2017 6 Months| 4,305

2016 6 Months| 4,381

%age Change| -2%

Profit after Tax N’m

2017 6 Months|  3,773

2016 6 Months| 4,021

%age Change| -6%

EPS (Kobo)

2017 6 Months| 13k

2016 6 Months| 14k

%age Change| -7%

This result was officially released on the 1st of August.

[gview file=”https://cdn.nairametrics.com/wp-content/uploads/2017/08/STERLING-BANK-Half-Yr-June-2017.pdf”]