• Business - Banking & Finance
  • Updated: September 13, 2020

Sterling Bank To Record Profit Loss In Q4 2020

Sterling Bank has released its earnings forecast for the fourth quarter of this year. The lender projected it will generate NGN46.7 billion in gross earnings between three months of the fourth quarter. The estimated interest income for the period under review was placed at NGN37.6 billion.

It was also gathered that Interest Expenses will hit NGN15.7 billion between October to December 2020. Sterling Bank projected its Net Operating Income will clock NGN24.5 billion while Operating Expenses is estimated to hit NGN23.3 billion.

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Meanwhile, Sterling Bank projected that it will record a loss of NGN1.2 billion in its Profit Before Tax, while it will also record a loss of NGN1.1 billion in its Profit After Tax.

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Olalekan Fakoyejo
Olalekan Fakoyejo

Fakoyejo Olalekan is a certified media practitioner from the Nigerian Institute of Journalism (NIJ)....

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