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How to check Sterling Bank account balance - FinanceNGR Sterling Bank, formerly known as NAL Bank, was established in 1960 by a group of individuals led by Chief Akintola Williams, Nigeria’s first chartered accountant. The bank initially operated as the investment and financial services arm of the Nigerian Industrial Development Bank (NIDB). Over the years, the bank underwent several changes in ownership and management, eventually emerging as Sterling Bank in 2006.