By InvestAdvocate

Lagos (INVESTADVOCATE)-Sterling Bank Plc said on Monday its pretax profit for the period ended December 31, 2015 grew 2.50 percent to N11.016 billion from N10.747 billion posted a year ago.

In the same vein, profit after tax (PAT) of the lender increased 14.30 percent to N10.292 billion from N9.004 billion in the same period of 2014.

Gross earnings of Sterling Bank grew from N103.67 billion in 2014 end to N110.19 billion in the review period of 2015; showing a growth of 6.28 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).

The lender proposed a nine (9) kobo per share dividend payment to its investors compared to six (6) kobo paid in 2014; showing an increase of 50 percent in the review period.

Sterling Bank says qualification date is April 1, 2016; while closure date has been scheduled for between April 4 and April 8, 2016.

The lender says Annual General Meeting (AGM) and payment dates will be April 19, 2016 respectively.

Click here to download Sterling Bank Plc full year results 2015