The Sterling Bank Group has posted a profit before tax of N9.861 billion for third-quarter 2021, which is N1.837 billion higher than N8.024 billion made in 2020 of the same period.
Also, Sterling Bank made a profit before tax of N9.780 billion in the third quarter of 2021 as against N7.935 billion made within the same period in 2020.
The bank made this known in its consolidated unaudited group interim financial statement for the period ended September 30, 2021.
The group’s profit after taxation stands at N9.465 billion for nine months 2021 which is N2.096 billion higher when compared to N7.369 billion gained in the same period of 2020. Also, the bank gained N9.384 billion in third-quarter 2021 as against N7.280 billion gained in 2020 within the same period.
It said despite the impact of COVID-19 on global and local economies, the bank remains committed to providing financial services to its customers while also working towards mitigating the impact of future uncertainties for its staff and customers.
“Following our review of the current situation of the pandemic, the bank’s management remains confident of the organisation’s resilience and is not aware of any material uncertainties that may cast significant doubt upon the entity’s ability to continue operating as a going concern,” it said.
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