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Sterling Financial Holdings Co (NSA:STERLINGNG) Credit Losses Provision : ₦0 Mil (As of Dec. 2024)


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What is Sterling Financial Holdings Co Credit Losses Provision?

Sterling Financial Holdings Co's credit losses provision for the three months ended in Dec. 2024 was ₦0 Mil. Its credit losses provision for the trailing twelve months (TTM) ended in Dec. 2024 was ₦0 Mil.

Sterling Financial Holdings Co Credit Losses Provision Historical Data

The historical data trend for Sterling Financial Holdings Co's Credit Losses Provision can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

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Sterling Financial Holdings Co Credit Losses Provision Chart

Sterling Financial Holdings Co Annual Data
Trend Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24
Credit Losses Provision
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Sterling Financial Holdings Co Quarterly Data
Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24
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Sterling Financial Holdings Co Credit Losses Provision Calculation

For each period of operations, banks may reserve a portion of their income to cover the possible non-performing loans. The amount of the Credit Losses Provision is dependent on the management's estimate of the load quality they have. The higher Credit Losses Provision is, the lower banks' reported income in. This does not affect banks' cash flow statement.

Credit Losses Provision for the trailing twelve months (TTM) ended in Dec. 2024 adds up the quarterly data reported by the company within the most recent 12 months, which was ₦0 Mil.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Sterling Financial Holdings Co Business Description

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GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Sterling Financial Holdings Co PLC (NSA:STERLINGNG) » Definitions » Credit Losses Provision
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Traded in Other Exchanges
N/A
Address
Sterling Towers, 20 Marina, Lagos Island, Lagos, NGA, 017003270
Website
https://www.sterling.ng
Sterling Financial Holdings Co PLC operates as a commercial bank with an emphasis on retail and consumer banking, trade services, corporate, investment, and non-interest banking activities. Its principal activity is to carry on business as a nonoperating financial holding company investing in companies. It also provides wholesale banking services including the granting of loans and advances, letter of credit transactions, money market operations, electronic and mobile banking products and other banking activities.

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