Sterling Bank Nigeria

Key details

• Launch: 1960

Overview

Sterling Bank Nigeria is NGX: STERLINGNG + Nigerian commercial bank + Sterling Financial Holdings parent + one of Nigeria's largest commercial banks + founded 1960 as Nigerian Acceptances Limited then 2006 Sterling Bank consolidation via 5-bank merger [1, ng-cro].

History

1960 — Nigerian Acceptances Limited founded as Nigerian commercial bank.

2006 — Sterling Bank consolidation via 5-bank merger of Nigerian Acceptances + Magnum Trust Bank + NAL Bank + INMB Investment Bank + Trust Bank of Africa distinctive Nigerian banking consolidation.

2014 — OnePay by Sterling mobile banking app launch.

Ownership & operator

Operating entity: Sterling Bank Plc (Nigerian commercial bank; NGX: STERLINGNG).

Major shareholders: Sterling Financial Holdings parent + Nigerian retail + institutional + foreign investors free float.

Regulators: CBN Central Bank of Nigeria.

Technical integration

OnePay by Sterling mobile app (iOS + Android) + sterling.ng online + Sterling Bank branch network across Nigeria + Sterling Visa + Mastercard + Verve cards; NG IBAN + NIBSS Instant Payments + NQR Nigeria.

Implementations & partners

Major Nigerian banking + payments competitors: [[zenith-bank]] (Zenith Bank; NGX: ZENITHBANK; Nigerian commercial bank) + [[first-bank-nigeria]] (First Bank of Nigeria FBN; NGX: FBNH; Nigeria's oldest commercial bank since 1894) + [[gtbank]] (Guaranty Trust Bank GTBank; NGX: GTCO) + [[access-bank]] (Access Bank; NGX: ACCESSCORP; Nigeria's #2 commercial bank by assets) + [[uba]] (UBA United Bank for Africa; NGX: UBA; Pan-African banking group) + [[union-bank-nigeria]] (Union Bank of Nigeria UBN; NGX: UBN) + [[fidelity-bank-nigeria]] (Fidelity Bank Nigeria; NGX: FIDELITYBK) + [[wema-bank]] (Wema Bank; NGX: WEMABANK; Nigeria's oldest indigenous commercial bank since May 2 1945) + [[ecobank]] (Ecobank Transnational Inc; ETI; Pan-African banking group) + [[stanbic-ibtc]] (Stanbic IBTC; NGX: STANBIC; Standard Bank Group Nigerian subsidiary) + [[opay]] (OPay; Nigerian super-app + mobile money) + [[kuda-bank]] (Kuda Bank Nigerian digital bank) + [[carbon]] (Carbon Nigeria digital bank).

Regulators: CBN Central Bank of Nigeria.

Status

Active, NGX:STERLINGNG + Nigerian commercial bank + Sterling Financial Holdings parent + one of Nigeria's largest commercial banks + founded 1960 as Nigerian Acceptances Limited then 2006 Sterling Bank consolidation via 5-bank merger [1, 2].

Sources

• 1 Sterling — official
• 2 Sterling — Wikipedia
• ng-cro In-corpus: reports/countries/NG-nigeria.md

Source

Biography extracted from sterling-bank-nigeria.md. See matrix.md for standards-support matrix if present.