Sterling Financial Holdings Company Plc reported a profit after tax of N43.68 billion for the full year ended December 31, 2024. This is more than double the N21.58 billion recorded in the previous year.
According to the audited financial statement released to the Nigerian Exchange, the group’s gross earnings rose by 52 percent to N337.19 billion, up from N221.77 billion in 2023. The growth was largely driven by higher interest income and non-interest revenue, as well as lower impairment charges, which declined by 12.6 percent to N10.78 billion.
Net interest income increased by 62 percent to N134.81 billion, while fee and commission income rose to N44.3 billion. The company’s earnings per share also rose to 151 Kobo from 75 Kobo in 2023.
