Sterling Bank’s half-year profit jumps 41%

Sterling Bank Plc has said its profit after tax for the first half of 2022 rose by 40.8 percent year-on-year to N8.01 billion.

The bank’s net interest income increased to N33.70 billion in H1 2022 from N30.99 billion in the same period a year earlier, according to its unaudited financial statements.

Customer deposits grew to N1.23 trillion in June from N1.21 trillion at the end of last year, while loans and advances to customers rose to N727.93 billion from N711.90 billion.