Investor Presentaiton
Sterling Bank
Statement of Comprehensive Income
In thousands of Naira
Gross Earnings
Interest income
Interest expense
Net interest income
Investor Relations
March 2014 March 2013
December 2013
91,628,841
24,621,317
19,844,327
18,659,077
14,290,515
69,972,761
(8,396,956)
(7,800,274)
(34,160,115)
10,262,121
6,490,241
35,812,646
Net fee and commission
3,315,206
3,317,842
14,564,349
Trading income
2,288,474
1,761,393
3,714,145
Other operating income
358,560
474,577
3,377,586
Operating income
16,224,361
12,044,053
57,468,726
Net impairment charges
(1,042,325)
(334,496)
(8,259,094)
Personnel expenses
(2,752,502)
(2,246,975)
(10,266,623)
Depreciation and amortisation
(712,165)
(633,125)
(2,694,489)
Other operating expenses
(8,175,368)
(5,809,329)
(26,938,321)
Profit before income tax
3,542,001
3,020,128
9,310,199
Income tax expense
(404,865)
(296,929)
(1,035,334)
3,137,136
2,723,199
8,274,865
Profit after tax
Other comprehensive income
Fair value (loss)/gain on available for sale investments
(154,464)
(61,873)
(295,931)
Other comprehensive income for the period net of tax
(154,464)
(61,873)
(295,931)
Total comprehensive income
2,982,672
2,661,326
7,978,934
Key Ratio
Earnings per share (kobo) - Basic
Earnings per share (kobo) - Diluted
NPL Ratio
15k
17k
38k
15k
17k
38k
1.78%
3.67%
2.10%
The Board of Directors is confident that barring unforeseen circumstances, this trend would be improved upon
considerably in the remaining period of the financial year.
BY ORDER OF THE BOARD
пкем
Justina Lewa
Company Secretary
(FRC/2013/NBA/00000001255)
Q1 2014 Results
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