Financial Highlights and Growth Trends
Operating Efficiency
N'B
9.67
10.8
9.8
12.0
13.9
83%
83%
75%
76%
74%
5.2
5.6
3.7
4.8
4.1
8.7
6.0
6.0
5.7
6.5
Q2 2012
Net Interest Income
Q3 2012
Q4 2012
Q1 2013
Q2 2013
Other Income
-Cost-to-income
N'B
7.8
8.3
8.4
8.7
9.8
5.4
5.1
5.1
6.8
5.8
0.6
0.6
0.5
0.6
2.7
2.2
2.2
2.2
2.4
Q2 2012
Q3 2012
Q4 2012
Q1 2013
Q2 2013
■Staff
Depreciation
■Other Expenses
0.7
Comments
Operating income rose 42%
YoY to N26.0 billion, while net
operating income rose 36% to
N24.8 billion
■ Additional provisions of N816
million in Q2 2013 driven by an
increase in loans and
advances and the resulting
collective impairment charge
■ Net operating income rose
12% compared to 13% growth
in operating expenses resulting
in about 70 basis points rise in
cost-to-income ratio to 74.7%
QoQ
▪ Growth in operating expenses
reflected an increase in
AMCON surcharge (which rose
by 126%) and inflationary
pressures
Sterling Bank
The one-customer bank.View entire presentation