Access Bank Grows Profit by 44 % to N39bn, Declares Interim Dividend

Group Managing Director of Access Bank Plc Herbert Wigwe

Access Bank Plc Thursday reported an impressive half year results, showing significant increases and deliver an interim dividend of 25 kobo per share despite the headwinds in the banking sector.

The audited results for the half year ended June 30, 2015, showed that Access Bank Plc a gross earnings of N168.3 billion, representing an increase of 43 per cent over the N117.9 billion recorded in the same period in 2014.

Growth in gross earnings was boosted by an 18 per cent increase in interest income to N98.9 billion, up from N83.6 billion in the comparative period of 2014.

Similarly, non-interest income rose 101 per cent to N69.4 billion in 2015 from N34.6 billion in 2014.

Access Bank posted a profit before tax of N39.1 billion, showing in increase of 44 per cent from N27.1 billion in 2014, while profit after tax grew by 39 per cent from N22.6 billion in 2014 to N31.3 billion in 2015.

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