| #36 | Sterling Bank Plc |
|---|---|
| BSM Index | 50.3 |
| YoY | – |
| CEO | Abubakar Sulaiman |
| Year Founded (in Nigeria) | 1960 |
| Website | www.sterling.ng |
| Head Office | Sterling Towers 20 Marina Lagos |
| Nationality | NG |
| Customer Base | 3,000,000 |
| Number of Branches | 179 |
| Annual Turnover | – |
| Employees | 2,469 |
| Marketing Budget | – |
Sterling Bank Plc:
Excellence and Innovation in Nigerian Banking
Sterling Bank Plc, recognized as the “One-customer bank,” has consistently demonstrated its leadership in Nigeria’s financial sector by delivering exceptional banking services and spearheading innovative financial solutions. Transitioning into a holding company structure in 2023, Sterling Financial Holdings Company Plc now operates through its subsidiaries, including Sterling Bank and The Alternative Bank, allowing it to expand its influence beyond traditional banking.
The transformation into a holding company marks a significant milestone in the brand’s evolution, providing it with the flexibility to explore new sectors and enhance its service offerings. This shift has positioned Sterling to deepen its involvement in sectors such as Health, Education, Agriculture, Renewable Energy, and Transportation (HEART), areas where it has already made considerable impact.
In 2023, Sterling Financial Holdings reported impressive financial growth, with a 36% increase in asset size, reaching N2.5 trillion, and a 26.6% rise in earnings to N221 billion. This performance indicates the bank’s resilience and strategic focus, particularly in navigating Nigeria’s challenging economic environment. The bank’s commitment to sustainable investments and customer-centric services remains at the core of its operations, reflected in its continued growth in customer deposits and profitability.
Sterling Bank’s innovative approach has been second to none. The bank was recently featured on the Financial Times’ list of the 100 fastest-growing companies in Africa and was named Africa’s Most Valuable Commercial Bank Brand in 2023. These accolades highlight Sterling’s dedication to excellence and its role as a key player in Nigeria’s banking industry.
As Sterling continues to innovate and expand, it remains committed to enriching the lives of its customers and stakeholders, leveraging its expertise to drive growth and development across Nigeria and beyond. The bank’s forward-thinking strategy and dedication to excellence ensure it remains a trusted partner in the financial journeys of millions of Nigerians.
