The chairman of Sterling Bank, Asue Ighodalo, has said that the transition of the financial institution into a Holding Company will provide more value for shareholders.
Speaking on the bank’s results, Ighodalo said “Despite the challenges during 2022, our performance reflected our resilience and determination to deliver optimal value for our shareholders. We are pleased that we closed the year on a good note.”
He said the PAT growth was driven by an N18.6 billion improvement in net operating income amidst heightened inflationary pressure and regulatory policies, adding that gross earnings grew by 16.6 per cent to N175.1 billion compared to N150.2 billion reported in 2021.
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