Financial Highlights and Growth Trends
6.5%
6.3%
Revenue Drivers
N'B
16.2
16.5
18.1
19.8
22.0
23%
27%
23%
28%
24%
77%
73%
77%
72%
76%
Q2 2012
Q3 2012
Q4 2012
Q1 2013
Q2 2013
■Interest Income
■Fee-based Income
12.8%
12.6%
12.7%
11.1%
6.3%
6.3%
5.7%
7.0%
5.1%
5.9%
6.4%
5.9%
12.3%
Q2 2013
Comments
Earnings rose by 28% YoY to
N41.9 billion and 11% QoQ
■ Interest income remained a
major driver of earnings with
76% contribution in Q2 2013 of
which income from loans &
advances accounted for 64%
▪ Cost of funds improved by
40 basis points YoY reflecting
progress in our retail deposit
drive but remained flat QoQ
■ Yield on assets rose by 120
basis points QoQ resulting in a
strong improvement in net
interest margin to 6.4% in Q2
☐
Our retail deposit drive has
sustained our ability to
manage pressures arising
from the CBN's tight
monetary policy measures
Q2 2012
Q3 2012
Q4 2012
Q1 2013
■Net Interest Margin
Cost of Funds
Yield on Assets
Sterling Bank
The one-customer bank.View entire presentation