Sterling Towers Q1 2022 Financial Performance
Equity and Capital Adequacy
Overall, we maintained a healthy capital position well above regulatory limits
Equity (N'b)
Share capital Share premium
Retained earnings
Others
136
142
7.0%
152
120
98
1563
25
35
38
6
Sterling Towers
43
43
43
43
43
14
14
14
14
14
2018
2019
2020
2021
Q1 2022
Items (N'mn)
Mar. 2022
Dec. 2021
Tier 1 capital*
120,802
117,154
Tier 2 capital**
24,273
24,273
Shareholder's funds grew by 7% to N152 billion (FY
2021: N142 billion).
Total regulatory capital
145,074
141,427
Overall, the Bank's capital adequacy ratio stood
at 14.7% as at March 2022.
Risk-weighted assets
984,744
951,825
Tier 1 ratio
12.27%
12.31%
Tier 2 ratio
2.46%
Capital adequacy ratio
14.7%
2.55%
14.8%
Notes: *Tier 1 capital includes ordinary share capital, share premium, retained earnings, and other regulatory adjustments relating to items that are included in equity
but are treated differently for capital adequacy purposes. **Tier 2 Capital includes qualifying subordinated debt, and element of the fair value reserve relating to
unrealized gains on equity instruments classified as Fair Value Through Other Comprehensive Income.
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