Financial Highlights and Growth Trends
Income Statement
Items
N'mn
June 2013
% of Gross
Earnings
June 2012
Growth
% of Gross
N'mn
Earnings
Gross Earnings
41,855.2
100%
32,683.6
100%
28%
Interest income
31,080.4
74%
26,340.3
81%
18%
Interest expense
(15,905.6)
-38%
(14,378.4)
-44%
11%
Net interest income
15,174.7
36%
11,962.0
37%
27%
Other Income
10,774.8
26%
6,342.3
19%
70%
Net impairment charges
(1,149.7)
-3%
(102.1)
0%
1026%
Net operating income
24,799.8
59%
18,202.1
56%
36%
Personnel expenses
(4,608.0)
-11%
(4,402.6)
-13%
5%
Depreciation
(1,289.7)
-3%
(1,340.3)
-4%
-4%
Other expenses
(12,629.9)
-30%
(9.214.4)
-28%
37%
Total expenses
(18,527.6)
-44%
(14,957.4)
-46%
24%
Profit before income tax
6,272.2
15%
3,244.8
10%
93%
Income tax expense
(350.2)
-1%
(239.1)
-1%
46%
Profit after tax
5,922.0
14%
3,005.7
9%
97%
Sterling Bank
The one-customer bank.View entire presentation