Sterling Bank (STERLNBANK)’s overall topline performance remained pressured in H1:2020, following its weak outing in the first quarter. A marginal growth (+0.79% YoY) in Q2:2020, however, moderated the decline in topline to 2.85% YoY in H1:2020, from 6.67% YoY in Q1:2020. The bank’s topline which amounted to NGN70.23bn in H1:2020, was adversely impacted by depressed asset yields which fell to 13.20% from 14.00% in H1:2019, causing a 4.28% YoY decline in interest income.
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