Overall the bank recorded a 5.5 percent improvement in operating income and a profit after tax of N5.66 billion. Commenting on the financial performance, Mr. Abubakar Suleiman, Chief Executive Officer of Sterling Bank said, “Underlying our half year performance was a concerted effort in improving the quality of our funding base, increasingly through digital products and initiatives. Though top line earnings were impacted by a selective approach to lending, the Bank remained focused on building a sustainable business model and continued to see considerable improvement across business lines, particularly our retail and consumer and digital and transactional banking businesses.”
Source: https://www.vanguardngr.com/2019/08/sterling-bank-grows-interest-income-by-19-1/