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Sterling Bank Investor Relations STATEMENT TO THE NIGERIAN STOCK EXCHANGE AND SHAREHOLDERS ON THE UNAUDITED RESULTS FOR THE FIRST QUARTER ENDED 31 MARCH 2014 The Board of Sterling Bank Plc presents the Banks's unaudited results for the first quarter ended March 31, 2014. STATEMENT OF FINANCIAL POSITION In thousands of Naira ASSETS Cash and balances with Central Bank Due from banks Pledged assets Loans and advances to Customers Investment in securities: March 2014 December 2013 111,852,077 96,900,562 59,682,388 85,601,022 83,866,812 79,771,732 337,185,440 321,743,748 - Held for Trading 3,768,436 2,200,994 Available for Sale 30,806,038 19,496,194 - Held to Maturity 45,930,041 76,123,934 Other assets 11,974,146 9,317,091 Property, plant and equipment 9,265,444 9,069,368 Intangible assets 594,375 601,392 Deferred tax assets 6,971,145 6,971,145 TOTAL ASSETS 701,896,342 707,797,181 LIABILITIES Deposits from Banks Deposits from Customers Current income tax liabilities Other borrowed funds Debt securities in issue Other liabilities TOTAL LIABILITIES 540,010,018 570,511,097 1,513,754 50,433,730 1,112,289 38,794,527 4,716,135 38,782,137 4,563,598 29,357,774 635,455,775 644,339,285 CAPITAL AND RESERVES Ordinary share capital 10,796,407 10,796,407 Reserves 55,644,161 52,661,489 Attribut able to equity holders of the Bank 66,440,568 63,457,896 TOTAL LIABILITIES AND EQUITY 701,896,343 707,797,181 Q1 2014 Results

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