Sterling Towers, 20, Marina, Lagos Island, Lagos, Nigeria.
Sterling Bank Plc “Your one-customer bank” is a full service national commercial bank in Nigeria.
At Sterling Bank, our customers are our number one priority and we value their feedback and ideas. We’ve made sure there are plenty of ways to stay in touch.
Sterling Bank Plc “Your one-customer bank” is a full service national commercial bank in Nigeria.
In over 50 years of operations, Sterling Bank (formerly NAL Bank) has evolved from the nation’s pre-eminent investment banking institution to a fully-fledged commercial bank; and completed a merger with 4 other banks – Indo-Nigeria Merchant Bank, Magnum Trust Bank, NBM Bank and Trust Bank of Africa – as part of the 2006 consolidation of the Nigerian banking industry.
To be the financial institution of choice.
To deliver solutions that enhance stakeholders’ value.
1960 - Commencement
We commenced operations as NAL Bank, the nation’s pre-eminent investment banking institution.
1972 - Nationalization
Following the Indigenization Decree of 1972, we became a government owned institution.
1974 - Partnership
In 1972 – 1992, Sterling Bank was managed in partnership with Grind lays Bank Limited, Continental International Finance Company Illinois and American Express Bank Limited
1992 - NSE Listing
The Bank was partly privatized and listed as a public company on the Nigerian Stock Exchange (NSE).
2000 - Privatization
The government sold its residual interest in the bank effectively making it a fully privatized institution.
2006 - First Merger
In January 2006, NAL Bank completed a merger with four other Nigerian Banks namely; Magnum Trust Bank, NBM, Trust Bank of Africa and Indo-Nigeria Merchant Bank (INMB). The merged entities have successfully integrated and are operating as a consolidated group with the name Sterling Bank.
2012 - Second Merger
We assimilated the entire business interest of the defunct Equatorial Trust Bank (ETB). This effectively enhanced our position in the hierarchy of respectable players in the Nigerian banking industry on all key parameters.
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