Sterling Bank National Branch Network

13 Key Trends: 5 Year Review Gross earnings -Total Assets --Deposits CAGR: 22% CAGR: 20% CAGR: 24% -Loans & Advances CAGR: 21% N'Bn 249.85 221.32 A 203.07 176.92 156.74 161.28 277.11 34.34 Dec 2010 Comments ■ 2010 performance was a reflection of the gradual improvement in economic conditions given that the banking sector was still recovering from the difficult operating conditions of 2009 ■ Total assets and net loans and advances (including advances under finance lease) grew by 25% respectively, while deposits grew by 26%. ■ However, earnings potential was constrained in 2010 due to the low interest rate regime and fewer profitable outlets to invest excess liquidity. 111.77 99.22 82.93 X 103.75 70.25 68.95 49.35 40.13 36.13 37.37 12.86 23.86 Sep 2006 Sep 2007 Sep 2008 Dec 2009 1. Sterling Bank The one-customer bank.

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