Sterling Financial Holdings, ordinary share
NGSTERLNBNK7, STERLINGNG

Sterling Financial Holdings Company Ltd is the preeminent investment banking establishment in Nigeria. It commenced operations as NAL Bank in 1960. Consequent on/upon the indigenization decree of 1972, the Bank became fully government owned and was ...

Sterling Financial Holdings Company Ltd is the preeminent investment banking establishment in Nigeria. It commenced operations as NAL Bank in 1960. Consequent on/upon the indigenization decree of 1972, the Bank became fully government owned and was managed in partnership with Grindlays Bank Limited, Continental International Finance Company Illinois and American Express Bank Limited between 1974 and 1992. In 1992, the Bank was partly privatized and listed as a public company on the Nigerian Stock Exchange (NSE) and in 2000 the government sold its residual interest in the bank, effectively making it a fully privatized institution. In January 2006, as part of the consolidation of the Nigerian banking industry, NAL Bank completed a merger with four other Nigerian banks namely Magnum Trust Bank, NBM Bank, Trust Bank of Africa and Indo-Nigeria Merchant Bank (INMB) and adopted the Sterling Bank name. The merged entities were successfully integrated and have operated as a consolidated group ever since. It recently assimilated the entire business interests of the defunct Equitorial Trust Bank towards the end of 2011; effectively boosting its placement in the hierarchy of respectable players in the Nigerian banking industry by all key parameters. Today, with a capital base of more than N44 billion, over N508 billion in assets and about 200 branches nationwide complemented with 200 Automated Teller Machine(ATM) points nationwide, Sterling Bank has grown into a major financial supermarket and justifiably prides itself as “The one-customer Bank” that celebrates every customer as a unique individual.