Sterling Bank Plc originally incorporated in 1960 as Nigeria Acceptances Limited (NAL) was licensed as Nigeria’s first merchant bank in 1969. Consequent to the indigenization decree of 1972, the Bank became fully government owned and was managed in partnership with Grindlays Bank Limited, Continental International Finance Company Illinois and American Express Bank Limited between 1974 and 1992. In 1992, the Bank was partly privatized and listed as a public company on the Nigeria Stock Exchange (NSE) and in 2000 the government sold its residual interest in the bank, effectively making it a fully privatized institution.

In January 2006, as part of the consolidation of the Nigerian banking industry, NAL Bank completed a merger with four other Nigerian Banks namely Magnum Trust Bank, NBM Bank, Trust Bank of Africa and Indo-Nigeria Merchant Bank (INMB) and adopted the Sterling Bank name. The merged entities were successfully integrated and have operated as a consolidated group ever since.

The Bank currently operates as a fully diversified universal bank with footprints in Investment Banking, Asset management, Stockbrokerage, Savings and Loans, Pension Funds Management, Insurance Brokerage and Registrar Services. Over the past three and a half years, we have taken great strides achieving profitability in our first year of operation and growing our branch network to over 100 nationwide. As at 30 September 2008, Sterling Bank had a capital base of N31.2bn, assets of over N350bn, strong profitability and a highly qualified and experienced management team.

Our Vision

To be Nigeria’s leading diversified financial institution with dominance in chosen markets.

Our Mission

To deliver unique solutions that enhance customers’ wealth

Our Core Values

…There are certain qualities that make us the way we are at Sterling. They guide our approach to life and work. Though seemingly subtle and internal, they are evident in all we do…

'RICIT'

• Responsibility
• Integrity
• Customer focus
• Innovation
• Teamwork

Responsibility

At Sterling, responsibility exceeds following regulations. It also translates to accountability, following through on projects and delivering on promises.

Integrity

A display of honesty and character

Customer Focus

The customer is first and all products and transactions are geared towards adding value

Innovation

Originality, novelty and improvement in products and work standards

Team Work

The Sterling Person is a strong team player. Cooperation and collaboration are prerequisites for achieving our goals. "The success of one is the success of all"