Connect with us

    Hi, what are you looking for?

    E-Financial

    Sterling extends publication date of Annual Statements

    Sterling Bank Plc, has just announced that it requires a short extension outside the deadline for filing its Annual Financial Statements (AFS) for the year ended 31st December 2022.

    This was contained in a copy of the bank’s letter to the Nigerian Exchange (NGX) filed on the 29th of March, 2023.

    Ms. Temitayo Adegoke, Company Secretary and Chief Legal Officer, assured stakeholders and the public that the organisation is diligently working with its auditors, Deloitte, to finalise the AFS by the revised deadline of 30th April 2023.

    She emphasised that the bank’s commitment to regulatory compliance and transparency remains its top priority.

    The letter to the Nigerian bourse further stated that “In continuing compliance with the post listing requirements of the NGX, the previously announced closed period which commenced on 1st of January 2023 will continue until 24 hours after the AFS for the year ended 31st of December 2022 is released on the floor of the Exchange.”

    The extension request, due to external factors and new processes, is on the back of the Bank’s impressive financial performance contained in its earlier released unaudited full-year 2022 results, with the bank reporting a 39% increase in pre-tax profits.

    This achievement marks Sterling’s fifth consecutive year of growth, attributed to customer-focused innovation and the successful execution of the HEART of Sterling strategy. Through strategic investments in Health, Education, Agriculture, Renewable Energy, and Transportation sectors, the bank continues to create value for shareholders and contribute significantly to the Nigerian economy.

    Sterling Bank eagerly anticipates new opportunities and, by leveraging regulatory guidance, is well-positioned to capitalise on these prospects within a well-structured framework for long-term growth and success.

    Shareholders and the public shall receive by the revised date, a thorough and comprehensive financial report that reflects the bank’s ongoing commitment to sterling performance, excellence, innovation, and growth.

    Spread the love
    Click to comment

    Leave a Reply

    Your email address will not be published. Required fields are marked *

    ad

    You May Also Like

    Oil and Gas

    Leading oil and gas experts in Nigeria have called for the full adoption of digital technologies to overcome the complex challenges facing the country’s...

    E-Financial

    Central Bank of Nigeria (CBN) has raised alarm over the rising costs of printing and replacing banknotes, warning that widespread abuse of the naira...

    Tech

    Lagos State has reaffirmed its position as Africa’s leading technology and innovation hub following the successful hosting of the GITEX Nigeria Tech Expo, Future...

    News

    Russia’s Finance Ministry announced on Wednesday, September 24, that it plans to raise the country’s value-added tax (VAT) to help finance the ongoing war...