Sterling Bank requests for deadline extension on filing AFS
Sterling Bank Plc said it has submitted a request for a short extension outside the deadline for filing its Annual Financial Statements (AFS) for the year ended December 31st, 2022 with the Nigerian Exchange (NGX).
The bank, in a statement issued in Lagos on Thursday and signed by Mr. Dapo Martins, Chief Marketing Officer, said the request for extension was contained in a letter to the NGX filed on March, 29th 2023.
Sterling Bank’s Company Secretary and Chief Legal Officer, Ms. Temitayo Adegoke assured stakeholders and the public that the bank is working diligently with its auditors, Deloitte, to finalize the AFS by the revised deadline of 30th April 2023.
She emphasized that the bank’s commitment to maintaining regulatory compliance and transparency remains a top priority.
The bank’s letter to the Nigerian bourse said: “In continuing compliance with the post listing requirements of the NGX, the previously announced closed period which commenced on 1st of January 2023 will continue until 24 hours after the AFS for the year ended 31st of December 2022 is released on the floor of the Exchange.”
The extension request, due to external factors and new processes, is on the back of the Bank’s impressive financial performance contained in its earlier released unaudited full-year 2022 results, with the bank reporting a 39 percent increase in pre-tax profits.
This achievement marks Sterling’s fifth consecutive year of growth, attributed to customer-focused innovation and the successful execution of the HEART of Sterling strategy. Through strategic investments in Health, Education, Agriculture, Renewable Energy, and Transportation sectors, the bank continues to create value for shareholders and contribute significantly to the Nigerian economy.
By leveraging regulatory guidance, Sterling Bank is well-positioned to capitalise on new opportunities and create long-term growth and success. Shareholders and the public can expect a thorough and comprehensive financial report that reflects the bank’s ongoing commitment to excellence, innovation and growth.
