Sterling Bank Ltd - Company Profile
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Sterling Bank Ltd (SBL) is a provider of a range of banking products and financial services. Adequate liquidity, non-interest income, business performance of Retail Banking segment, and cash position are a few of its key strengths, even as a limited geographical presence and business performance of Institutional Banking segment could be considered as areas for improvement. The emergence of FinTech companies, growing markets for payment channels in Nigeria, and a short-term positive economic outlook in Nigeria could provide significant growth opportunities for the bank. However, risks related to online identity theft and hacking, competition, and the emergence of neobanks could pose various challenges to the bank.
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