By InvestAdvocate

Lagos (INVESTADVOCATE)-Sterling Bank Plc said on Monday its pretax profit for the period ended December 31, 2017 grew 43.5 percent to N8.60 billion from N5.99 billion posted a year ago.

Profit after tax (PAT) of the lender increased 65.1 percent to N8.52 billion from N5.16 billion declared in the same period of 2016.

Gross earnings of Sterling Bank grew from N111.44 billion in 2016 end to N133.94 billion in the review period of 2017; showing a growth of 20.2 percent, the lender said in a filing with the Nigerian Stock Exchange (NSE).

The lender proposed a two (2) kobo per share dividend payment to its investors and said qualification date is April 27, 2017; while closure date has been scheduled for between April 30 to May 4, 2018.

The lender says Annual General Meeting (AGM) and payment dates will be May 18, 2017 respectively.