Sterling Bank targets N3.2bn PBT for 4th quarter

Sterling Bank Plc, has targeted a Profit Before Tax (PBT) of N3.2 billion on gross earnings of N40.194 billion for the fourth quarter ending December 31, 2021.

This was disclosed by Mrs. Adebimpe Olambiwonnu, Head, Finance & Performance Management at Sterling Bank.
In the bank’s earnings projection sent to the Nigerian Exchange Limited, NGX, she stated that the bank looks forward to earning an interest income of N30.8 billion and an interest expense of N9.1 billion, thus resulting in a net interest of N21.628 billion.