Sterling Bank Q1 2011 Results Earnings Release - Plain Text
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Transcript of Sterling Bank Q1 2011 Results Earnings Release - Plain Text
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8/7/2019 Sterling Bank Q1 2011 Results Earnings Release - Plain Text
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8/7/2019 Sterling Bank Q1 2011 Results Earnings Release - Plain Text
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Financial Ratios
- Cost-to-Income ratio (including allowances for risk assets) of 75% (73% in Q12010)- Net interest margin rose to 49% (41% in Q1 2010)- Annualized Return on Average Equity of 18% (24% in Q1 2010)- Net Loan-to-deposit of 67% (63% in December 2010)
- Liquidity Ratio stood at 46% (47% in December 2010)
Corporate Contacts
Investors
Yemi OdubiyiM: +234 803 535 0991E: [email protected]
Abubakar Suleiman
M: +234 803 535 1172E: [email protected]
Media
Abimbola SowemimoHead, Brand Management & CommunicationsM: +234 803 306 9033E: [email protected]
About Sterling Bank
Sterling Bank PLC is the preeminent investment banking establishment in Nigeria.
It commenced operations as NAL Bank in 1960. Today, with over N277 billion in assets and 95 branches nationwide, Sterling Bank has grown into a major financialsupermarket offering investment banking, commercial banking, asset management,stock broking, insurance and registrar services. The Bank prides itself as the "One Customer Bank" that celebrates each customer as a unique individual.For further information, please visit http://www.sterlingbankng.com .
Forward-Looking Statements
This release may contain forward-looking statements which reflect Sterling Bank
s current views with respect to, among other things, the Bank
s operations and financial performance. These forward-looking statements may be identified by theuse of words such as outlook, believes, expects, potential, continues, may, wproximately, predicts, intends, plans, estimates, anticipates or the negative vese words or other comparable words. Such forward-looking statements are subjectto various risks and uncertainties. Accordingly, there are or will be importantfactors that could cause actual outcomes or results to differ materially from those indicated in these statements. Sterling Bank believes these factors includebut are not limited to those described in its Annual Report for the financial year ended December 31, 2009. These factors should not be construed as exhaustiveand should be read in conjunction with the other cautionary statements that areincluded in this release. Sterling Bank undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, futuredevelopments or otherwise.
