WorldStage Newsonline– Sterling Bank Plc, a major player in Nigeria’s banking sector has released its earnings forecast for first quarter ended 31 March 2021 with profit after tax of N2.093 billion which is an improvement of 7.06% over N1.955 billion declared in Q3 2020
The group projected a gross earnings N34.937 billion for the Q1 with cash balance at the end of the quarter expected to drop to N89.886 billion from N93.978 billion at the beginning.
WorldStage earlier reported that the bank’s condensed interim financial statements for period ended 30 September 2020 showed a 2.77% drop in group profit after taxation to N7.369 billion from N7.579 billion in nine months 2019
