Sterling Bank Plc originally incorporated in 1960 as Nigeria Acceptances Limited (NAL) was licensed as Nigeria’s first merchant bank in 1969.
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.
Their Strategic Business Units are
• Corporate/Commercial Banking
• Retail & Consumer Banking
• Public Sector & Financial Institutions
• Operations & Management Services
Sterling Bank Plc is also strongly represented in the Capital Markets, Mortgage Finance, Insurance and Pension Fund Administrators("PFA")
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