Sterling Bank Plc - Company Profile
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Sterling Bank Plc (SBP) is a provider of personal, business, and corporate banking products and related financial services. The bank’s portfolio of offerings includes accounts and deposits such as saving, current, investment, and business accounts; debit and credit cards; loans; e-banking services; trade services; import finance; letter of credit; overdraft; invoice discount; project finance; and MSME payment solutions. It also offers related financial services such as philanthropy, lifestyle solutions, trust, and fiduciary services, investment advisory, and credit and financing. It serves individual, business, MSMEs, high net worth individuals, and wealthy family clients through a network of branch offices, ATMs, and online portals in Nigeria. SBP is headquartered in Lagos, Nigeria.
Headquarters
Nigeria
Address
Sterling Towers, 20 Marina, Lagos Island, 100221
No of Employees
3,043
Industry
Financial Services
Revenue (2022)
$414.3M
Sterling Bank Plc premium industry data and analytics
Products and Services
| Products | Services |
|---|---|
| Accounts and Deposits: | Mobile Banking |
| Savings | Trade Services |
| Current Account | Import Finance |
| XYZ | XYZ |
| XYZ | XYZ |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In November, the company entered into an agreement with SMEDAN to provide a total of five billion naira in loans to small businesses across the country. |
| 2023 | New Products/Services | In July, the company launched Edubanc to provide banking and social services for stakeholders in the education sector. |
| 2023 | Stock Listings/IPO | In April, the bank was delisted from the Nigerian Stock Exchange. |
Competitor Comparison
| Key Parameters | Sterling Bank Plc | FBN Holdings Plc | Zenith Bank Plc | Wema Bank Plc | Unity Bank Plc |
|---|---|---|---|---|---|
| Headquarters | Nigeria | Nigeria | Nigeria | Nigeria | Nigeria |
| City | Lagos | Lagos | Victoria Island | Lagos | Victoria Island |
| State/Province | Lagos | Lagos | Lagos | - | Lagos |
| No. of Employees | 3,043 | 7,972 | 6,386 | 1,415 | 2,331 |
| Entity Type | Private | Public | Public | Public | Public |
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Olatunji Mayaki | Chairman | Executive Board | 2024 | - |
| Abubakar Suleiman | Director; Chief Executive Officer; Managing Director | Executive Board | 2018 | - |
| Raheem Owodeyi | Chief Operating Officer; Director - Operations; Director | Executive Board | - | - |
| Ibidapo Martins | Chief Marketing Officer | Senior Management | - | - |
| Temi Dalley | Chief Human Resources Officer | Senior Management | - | - |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2024 | XY |
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