Investor Presentaiton

Sterling Bank Investor Relations EARNINGS PRESS RELEASE APRIL 22, 2014 STERLING BANK PLC RELEASES UNAUDITED RESULTS FOR THE QUARTER ENDED MARCH 31, 2014 Profit before Tax rises 17% to N3.5 Billion Lagos, April 22, 2014 – Sterling Bank Plc (NSE: STERLNBANK/Reuters: STERLNB.LG / Bloomberg: STERLNBA:NL) - the 'Bank' - a full service national commercial bank releases its unaudited results for the quarter ended March 31, 2014. In the Bank's quarterly update to investors and analysts, Yemi Adeola, the Managing Director/ Chief Executive, stated: We started the year on a positive not e, achieving double digit growth on key revenue lines. Net interest income rose by 58% owing to a 31% growth in interest income relative to a modest increase of 8% in interest expense. This resulted in a 35% growth in operating income to N16.2billion. Our profit before tax rose to N3.5 billion, an increase of 17%; while the annualized return on average equity was 20% in line with our medium term strategic objectives. Despite a 5% decline in deposit to N540 billion, we recorded a 30 basis points reduction in cost of funds to 5.6%; reflecting Management's focus on balance sheet efficiency. Loans and advances grew by 5% to N337 billion, while asset qualityremained strong with a non-performing loan ratio of 1.8%. Over the next few quarters, we will continue the upgrade of our physical infrastructure and rollout of conventional and alternative channels in order to deepen market penetration of our products and grow retail deposit market share. Loan growth will remain steady and disciplined with the overall target for the year set at 25%. Q1 2014 Results

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