Sterling Financial Holdings reported solid growth in its 2025 preliminary results, with total assets reaching nearly ₦4 trillion—up 11% from the previous year.
According to a statement by the Bank on Saturday, the unaudited full-year results show growth driven by the expanding reach of its key subsidiaries, Sterling Bank and The Alternative Bank. Customer deposits climbed 18% to ₦2.98 trillion, reflecting increased confidence from individuals and businesses using the Group’s services.
Sterling HoldCo also recorded a 99 percent jump in profit before tax, which rose to ₦90.73 billion. This follows a strong performance in 2024 and reinforces the company’s position as one of the fastest-growing financial groups in the region.
The Group’s total earnings increased significantly, with gross earnings up 46 percent to ₦476.5 billion. This growth was supported by higher income from lending activities and other services. Interest income rose by 43 percent as the Group expanded loans to customers and earned better returns on its investments. Income from other sources, such as fees, commissions and trading activities, also grew strongly, rising by 57.3 percent.
The statement highlighted improved efficiency as a key factor behind the strong results. The Group reduced its cost-to-income ratio from 72 percent in 2024 to 63 percent in 2025, meaning it spent a smaller portion of its earnings on operating costs.
Sterling HoldCo said its capital position strengthened during the year, with shareholders’ funds rising by 39 percent to ₦424 billion, further reinforcing the resilience of the business.
The Group attributed part of its performance to continued investment in digital banking and technology, which it said has improved service delivery, reduced operating costs and enhanced customer engagement.
Overall, Sterling HoldCo said its 2025 results demonstrate the strength of its diversified portfolio and balanced growth strategy. With a solid capital base, rising deposits and improved efficiency, the Group said it remains well positioned to sustain growth and deliver long-term value.
