WorldStage Newsonline– Sterling Bank Plc, a major player in Nigeria’s banking sector as released its condensed interim financial statements for period ended 30 September 2020 with 2.77% drop in group profit after taxation to N7.369 billion from N7.579 billion in nine months 2019.
The bank’s gross earnings dropped in the nine months to N106.067 billion from N109.664 billion in 2019 when net interest income rose to N49.210 billion from N47.530 billion
Meanwhile, the net interest income for the three months ended September 30, 2020 (Q3) dropped to N15.724 billion from N17.117 billion in 2019 while profit for the period rose by 1.98% to N1.955 billion from N1.917 billion in Q3 2019.
