Sterling Bank PLC

sterling bank plc “the one-customer bank” is a full service national commercial bank in nigeria with asset base above n834 billion ($4.2 billion) and shareholders’ funds in excess of n88 billion ($440m). in over 50 years of operations, sterling bank (formerly nal bank) has evolved from the nation’s pre-eminent investment banking institution to a fully-fledged commercial bank. sterling bank is a result of nal bank’s merger with 4 other banks – indo-nigeria merchant bank, magnum trust bank, nbm bank and trust bank of africa – as part of the 2006 consolidation of the nigerian banking industry. having acquired the business interest of the defunct equitorial trust bank in 2011, the bank enhanced its position amongst major players in the sector. sterling bank prides itself in its purpose to ‘enrich lives’, and reflects its overall business aspirations in its vision to ‘be the financial institution of choice’. this it plans to achieve by (mission) ‘delivering solutions that enhance stakeh