Sterling Bank Ltd.[1] is a full-service national commercial bank licensed by the Central Bank of Nigeria. On Reuters and Bloomberg terminals, it is identified as STERLNB.LG and STERLNBA:NL respectively.[2] The Bank provides services to individuals, small businesses, and large corporations.
As of, the Bank's branch network numbered 140,[3] distributed throughout Nigeria with total assets valued in excess of NGN 1.85 trillion).[3]
History
Sterling Bank originally incorporated in 1960 as Nigeria Acceptances Limited (NAL). The Bank was licensed as Nigeria's first merchant Bank in 1969. Consequent to the indigenisation decree of 1972, the Bank became fully government owned and was managed in partnership with Grindlays Bank Limited, Continental International Finance Company