Financial Highlights and Growth Trends
Deposits
384.7
443.4
466.8
528.1
564.9
N'B
12.6
1.6
3.1
9.4
315.2
362.1
232.3
284.1
179.1
22.6
22.3
20.8
20.7
21.9
182.9
179.4
158.9
190.5
168.2
Jun 2012
Sep 2012
Dec 2012
Mar 2013
June 2013
■Time
■Savings Current
Interbank
Deposit Mix
0.7%
60.9%
Dec
2012
2.2%
29.8%
34.0%
Jun
2013
4.4%
64.1%
Time
Savings
Current
Interbank
3.9%
Comments
Deposits grew 21% year-
to-date to N565 billion
driven by growth in
current account
balances
Low cost deposits
accounted for 68% of
total deposits
(wholesale, 32%)
reflecting the benefits of
our retail business
■ Cost of funds declined
by 110 basis points to
5.9% in Q2 2013 from 7%
in Q4 2012
■ We plan to further
reduce our funding costs
as we consolidate on
our evolving retail
strategy
Sterling Bank
The one-customer bank.View entire presentation