Sterling Bank- Top50 Brands 2025
Sterling Bank Plc
Year of Establishment | 1960 as Nigeria Acceptances Limited (NAL), transitioned to Sterling Bank in 2006 |
Website | |
Headquarters | Sterling Towers, 20 Marina, Lagos Island, Lagos, Nigeria |
MD / CEO | Abubakar Suleiman |
Number of Branches / Operations | Approximately 140 branches (2022), 179 branches |
Areas of Interest | Operates across Retail & Consumer Banking, Commercial Banking, Institutional Banking, Corporate & Investment Banking; offers agent banking, microcredit, fintech platforms like Specta, Myspecta |
Countries of Operation | Primarily Nigeria; part of Sterling Financial Holdings Company Plc, focused on the domestic market |
Annual Turnover / Revenue | Operating income circa ₦108 billion (2022); assets ₦1.85 trillion (2022) |
Number of Staff | Over 3,000 professional employees |
Marketing Budget | Not publicly disclosed |
Contact Address | Sterling Towers, 20 Marina, Lagos; additional contact via website |
Flagship Product / Offering | Known as the “One-Customer Bank”; notable offerings include fintech-driven platforms (Myspecta, Edubanc, Databanc), agent banking, microcredit, and innovative payment solutions |
Best Known As | A leading, innovation-focused national commercial bank in Nigeria, positioned around customer-centric services and digital-first banking solutions |
Sterling Bank Plc, a full-service commercial bank has consistently maintained its position as one of Nigeria’s most valuable and innovative banking institutions, a status reaffirmed by its customer-focused digital banking solutions, robust financial performance, and commitment to empowering individuals and businesses.
Founded in 1960 as Nigeria Acceptances Limited (NAL) and rebranded as Sterling Bank Plc in 2006, offers a wide range of banking products and services. Its operations encompass retail banking, corporate banking, investment banking, treasury services, and digital banking solutions, serving individuals, small and medium-sized enterprises (SMEs), and large corporations across Nigeria.
Sterling Bank has been at the forefront of digital banking innovation in Nigeria, offering mobile banking platforms, online banking, and automated teller services that enhance convenience, accessibility, and security for customers. Its digital initiatives, such as the Sterling Online App and Mobile Banking Platform, have empowered customers to perform financial transactions seamlessly, contributing to greater financial inclusion across the country.
Sterling Bank is listed on the Nigerian Exchange (NGX) has overtime demonstrated strong performance, driven by prudent risk management, strategic investments, and a focus on customer-centric services. The bank has been recognized for operational efficiency, profitability, and resilience in a competitive banking sector.
The bank is also a leader in corporate social responsibility (CSR). Its initiatives focus on education, youth empowerment, entrepreneurship, and financial literacy. Programs such as the Sterling Bank Youth Empowerment Program provide training, mentorship, and access to finance for young entrepreneurs, supporting economic growth and job creation in Nigeria.
Sterling Bank has earned numerous awards and recognitions, including accolades for Best Digital Bank, Customer Service Excellence, and SME Banking Leadership, reflecting its innovative approach and strong brand equity. The bank is consistently listed among Nigeria’s Top 50 Brands, underscoring its credibility, market presence, and impact on the financial sector.
Through its innovative digital solutions, commitment to financial inclusion, and strategic investments in communities and SMEs, Sterling Bank Plc remains not just a banking institution but a catalyst for economic empowerment, growth, and sustainable development in Nigeria.
