Sterling Bank posts 9.01 bln Loss and 1.27 bln Profit in its Audited 2009 & Q1 2010 respectively
Category: Corporate Earnings
Proposed Dividend Nil
Proposed Bonus Nil
Payment Date Nil
Closure Date Nil
AGM Date 17th June 2010
AGM Venue Tinapa Business and Leisure Resort Calabar Cross River
• The External auditors drew attention to the losses incurred by the Group and Bank of N9.02b and N6.660b respectively during the period ended 31st December 2009. The Group and Bank have shareholders funds of N21.074b and N22.142b respectively.
• Managements plan for recapitalization have been included in the financial statements.