Nigeria: Appraising Sterling Bank's Return On Equity

27 February 2013
analysis

With a full-year return on equity of 71.29 per cent in 2012, twice the rate of average return in the Nigerian capital market during the period, Sterling Bank Plc has rewarded investors adequately, writes, Eromosele Abiodun

The Nigerian stock market posted average full-year return of 35.4 per cent in 2012. This implied accretion of some N2.44 trillion in capital gains to investors in 2012.

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