Financial Highlights and Growth Trends
Assets Funding Mix
N'B
49.0
4.6
49.3
46.6
4.7
35.6
44.5
31.0
43.1
40.0 4.6
31.8
4.6
36.7
47.0
4.6
32.0
30.4
31.6
31.6
564.9
528.1
443.4
466.8
384.7
Jun 2012
Sep 2012
Dec 2012
Mar 2013
■Deposits Borrowings Debt Securities
Other Liabilities
June 2013
Equity
8.0%
5.5%
0.8%
5.2%
Dec
2012
80.5%
7.1%
5.2%
0.7%
5.3%
Jun
2013
81.8%
Deposits
Borrowings
Debt Securities
Other Liabilities
Equity
Comments
Diversified funding base
with deposits as the major
funding source
Deposits funded 82% of
total assets (Dec. 2012:
81%)
■ Growth in deposits was
driven by low cost deposits
resulting in improved
funding costs
Borrowings consist of
facilities from Citibank,
Bank of Industry (under the
CBN intervention fund) and
Agric. Fund for on-lending
to the agricultural sector
Debt securities of N4.6
billion (7-year unsecured
debenture stock at 13%)
Sterling Bank
The one-customer bank.View entire presentation