Business Summary Management Board of Directors Joint Auditors Company Registrar Subsidiaries/Associates Capital Structure

   STERLING BANK PLC - 11/10/2011

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Index: 20012.07 -94.01 -0.47%

Business Summary Management Board of Directors Company Secretary Company Registrars Subsidiaries/Associates Joint Auditors Quote Login
Sector:
BANKING
Listing Date:
17th August, 1993
End of Accounting Year:
31 Dec
Share Outstanding:
12,563,091,545.00
NSE code
STERLNBANK
AGM Date:
31-05-2011


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No. Of Deals:   27.00


Volume Traded:   1,061,482.00


Value Traded:    1,547,700.05


52 Weeks High:  2.91


52 Weeks Low:    1.15

Open Price:    1.49


Close Price:    1.48


High Price:    1.49


Low Price:    1.43


Year To Date Appreciation:   -38.33 

 


1 Week Change (%)


1 Month Change (%)


6 Months Change (%)


1 Year Change (%)

STERLNBANK


12.12


0


-35.65


-7.5

NSE All-share Index


-2.77


-5.17


-18.9


-17.33

Quarterly Results For STERLNBANK

25th July 2011: 2nd Quarter Results for the Period Ending 30-JUN-11


Values
2011 N'm
2010 N'm
% Change
Profit & Loss Information
Gross Earnings
18,158
16,289
11.47%
Profit Before Tax
2,804
4,169
-32.74%
Taxation
-199
-231
-13.9%
Profit Or Loss After Tax
2,605
3,939
-33.87%
Balance Sheet Information
Fixed Assets
784
4,527
-82.69%
Investments
117,679
109,871
7.11%
Stocks
4,301
6,023
-28.59%
Loans & Advances
120,664
100,641
19.9%
Cash & Bank Balances
10,498
6,660
57.63%
Deposits
209,056
203,074
2.95%
Other Credit Balances
58,211
47,918
21.48%
Other Debit Balances
37,983
49,386
-23.09%
Net Assets
36,223
26,118
38.69%
  VALUATION MEASURES
Market Cap :
18,593,375,486.60
EPS:
0.21
P/E:
7.14
Book Value :
N/A
Book Value Per Share :
N/A
Price/Book
N/A
  FINANCIAL HIGHLIGHTS
  Fiscal
Fiscal Year End
31 Dec
Most Recent Quarter
2nd Quarter
  Profitability
Profit Before Tax Margin
15.44
Profit After Tax Margin
14.35
Profit Before Tax Growth
-32.74
Profit After Tax Growth
-33.87
  Management Effectiveness
Return On Assets
0.01
Return On Equity
0.07


  INCOME STATEMENT
Revenue:
N18,158.00(mln)
Revenue Per Share :
1.45
Revenue Growth :
11.47%
   Balance Sheet
Total Cash
10,498.00
Shareholder Fund Growth
38.69%
Loan Growth
19.90%
Deposit Growth
2.95%
Fixed Asset Growth
-82.69%
  Dividends & Splits
Dividend:
0.1 (2009-02-09)
Bonus Declared
  TRADING INFORMATION
  Stock Price History
52-week Change:
-7.50%
52-week Change
(relative to NSE Index)
-17.33%
52-Week High:
2.91
52 Week Low :
1.15
50-Day Moving Average :
1.41
200-Day Moving Average:
2.02
  Share Statistics
Ave. Volume (3 month):
3,856,577.97
Ave. Volume (10 days):
1,892,313.90
Shares Outstanding:
12,563,091,545.00
Daily Volume
1,061,482.00


Sterling Bank Plc
Balance Sheet as at 31 December 2010
Assets employed
2010
2009
Cash in hand and balances with CBN
6,660,349
8,573,674
Treasury bills
6,023,587
9,607,738
Due from other banks
25,098,603
57,833,221
Loans and advances to customers
100,641,020
78,035,834
Other facilities
350,000
Advances under finance lease
3,112,998
4,548,757
Investment securities
104,322,487
27,505,802
Investment in associates
106,204
43,377
Investment properties
5,443,303
12,584,288
Other assets
15,918,279
12,421,527
Deferred tax assets
5,256,884
4,601,074
Property, plant and equipment
4,527,335
5,212,873
TOTAL ASSETS
277111049
221318165
Financed by:
Customers' deposits
203,074,678
161,276,895
Due to other banks
195,748
2,650,000
Current income tax payable
680,890
1,026,117
Other liabilities
21,920,642
20,674,674
Other facilities
350,000
Defined contribution obligations
51,071
54,945
Deferred tax liabilities
11,820
10,428
Long-term borrowing
25,058,101
14,201,550
TOTAL LIABILITIES
250992950
200244609
NET ASSETS
26118099
21073556
Share capital
6,281,545
6,281,545
Share premium
12,314,019
12,314,019
Share reserve
5,276,423
5,276,423
Retained earnings
1,071,464,631
1,066,420,088
Other reserves
4,523,305
4,523,305
Shareholders' Fund
26118099
21073556
Attributable to equity holders of the Bank
26,118,099
21,073,556
26118099
21073556
Guarantees and other commitments on behalf of customers
48908173
25198318
PROFIT AND LOSS ACCOUNTS
For the year ended 31 December 2010
Gross Earnings
34341616
46717490
Interest and similar income
25,187,507
34,009,601
Interest and similar expenses
1,062,665,641
1,053,128,204
Net interest margin
14,111,324
13,395,981
Fee and commission income
6,099,369
6,085,807
Net fee and commission income
6,099,369
6,085,807
Foreign exchange earnings/ loss
-11,804
994,697
Income f rom investments
671,266
2,668,755
Other income
2,395,279
2,958,630
Operating income
23,265,434
26,103,870
Operat ing expenses
1,057,958,910
1,051,673,506
Loan loss expenses
1,071,641,300
1,061,209,821
Diminution in value of other risk assets
-491,288
1,070,717,514
Group's share of post tax result of associates and joint ventures
64,135
-111,667
Profit/ (Loss) On Ordinary Activities before taxation
4,954,843
1,062,109,396
Taxation
89,700
2,612,826
Profit/ (Loss) On Ordinary Activities after Taxation
5,044,543
1,064,722,222
Profit/ (Loss) Attributable To Equity Holders of the Bank
5,044,543
1,064,722,222
Profit/(loss) attributable to the group
APPROPRIATIONS
Transfer to general reserve
5,044,543
1,064,722,222
5044543
-9019602
Total non-performing loan
12,888,439
22,842,806
Total non-performing loan as % of gross loan
0%
0%
Earnings per share ( kobo) - Basic
40k
( 72)k
Investment Valuation Ratios
Investment Valuation Ratios
Dividend Per Share
Operating Profit Per Share (Rs)
Profitability Ratios
Operating Profit Margin(%)
0.68%
Net Profit Margin
Return on Net Worth(%)
0.19%
Return on Assets
0.02%
Debt Equity Ratio
10
Net Interest Margin
0.56%
Cost to income ratio
-0.68%
Capital Adequacy Ratio
0.09%
PBT Growth
-1.43%
PAT growth
-1.56%
PAT margin
0.15%
PBT MARGIN
0.14%
ROA
0.02%
ROE
0.19%
SHF Growth
0.24%
Loan Growth
0.29%
Assets Growth
0.25%
Deposit Growth
0.26%
Loan to deposit
0.50%
Deposit to Assets
0.73%
Cost/Income (%)
-0.68%
Net Profit Margin (%)
0.15%
Dividend yield
P/E
P/BV
0
Equity capital to deposits
0.13%
Loan-to-deposits (LTD)
0.50%
NPL Ratio (RHS)
BVPS (N)
Interest Income/Gross Earnings
0.73%
Non-Interest Income/Gross Earnings
5.91%
Loan to Asset
0.36%
Cash Flow Indicator Ratios
Dividend Payout Ratio
Earning Retention Ratio
Earnings Per Share
0
Announcement Date
Agm Date
Book Closure
Address
--
2009-02-26
--
11th April, 2011
2011-05-31
--
Golden Gate Restaurant Ikoyi, Lagos
Bonus
Bonus Type
Announcement Date
Payment Date
Closure Date
Dividend
Dividend Type
Announcement Date
Payment Date
Closure Date
0.1
--
--
--
2009-02-09
Right Ratio
Face Value
Announcement Date
Record Date
Ex-right Date
Premium
Old Face Value
New Face Value
Announcement Date
Ex-split Date
Meeting Date
Remark/Outcome