Sterling Holdings posts 74% jump in annual profit

By Mary Adenike

Sterling Financial Holdings Company Plc, the parent company of Sterling Bank, posted an after-tax profit of N37.5 billion last year, up 74 percent compared to 2023.

The group’s interest income grew to N260.8 billion from N156.1 billion, while loans and advances to customers surged to N1.10 trillion from N895.8 billion, according to its latest unaudited financial statement.