Sterling Towers Q1 2022 Financial Performance

Funding & Liquidity Increased traction in the mobilization and retention of low-cost deposits continues to drive down funding costs. Customer Deposits (N'b) 0.0% FY 2021 Q1 2022 8% 9% 19% CASA:73% 00 17% CASA:68% 51% 17% 51% 1,209 1,208 95 105 892 24% 761 290 227 45 70 155 208 205 284 194 121 619 669 556 417 2019 2020 2021 Current Savings ■Term Pledged Q1 2022 Total Cost of Funds (%) 6.3% 4.7% 3.9% 3.6% 2019 2020 2021 Q1 2022 We continued to improve the quality of our funding base through disciplined execution of our retail banking strategy and improved cross-selling of our digital products. This led to the increase in CASA mix from 68% to 73%. Liquidity ratio at 31% well above the minimum regulatory requirement.

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