Sterling Extends Publication Date Of Annual Statements

By - LagosCityReporters 30 March 2023 Comments (0) 2 Mins Read

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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.

Company Secretary and Chief Legal Officer, Ms. Temitayo Adegoke, 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.