Sterling Bank Plc 2016 Financial Summary

12 Months Report STERLING BANK PLC
	2016 N'000	2015 N'000	change	Year End
Revenue	111,439,833	110,193,835	1%	December
Profit/Loss before taxation	5,999,880	11,016,301	-46%
Profit/Loss for the period	5,162,365	10,292,577	-50%
Issued Shares (Units)	28,790,418,126	28,790,418,126
Basic Earnings Per Shares (Kobo)	18.00	36.00	-50%
Last total dividend paid (Kobo)	0.00	9.00	-100%

Quarter on Quarter performance

Revenue                                                                   PAT

N'000                                                                       N'000

Q1: #25,504,746                                                      Q1: #2,543,096

Q2: #24,550,279                                                      Q2: #1,477,663

Q3: #29,597,062                                                      Q3: #1,515,944

Q4: #31,787,746                                                      Q4: (#374,338)

Sterling Bank Maintained an average of #27.8billion in terms of gross income and #1.2billion in terms of PAT with PAT at Q4 negative. Sterling Bank performance in terms of PAT was on a declining note from Q1 2016 down to Q4.

Non Performing Loan deteriorated in 2016 from 4.8% in 2015 to 9.9%

Further analysis of the result revealed that Impairment charges deteriorated from #8.1billion in 2015 to #11.5billion in 2016

In addition to the above, the decline in Fees and commission in 2016 to #10.7billion from #15.5billion and other operating income from #3.1billion to #1.3billion are some of the major factors that affected the performance of Sterling Bank.

Sterling Bank did not declare dividend, all the money made was transferred to the retained earning in order to support its balance sheet