Access Bank Posts Impressive PAT in Q1 2019

Herbert Wigwe, Chief Executive Officer, Access Bank Plc

April 16, 2019

By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s tier one (1) lender, Access Bank Plc on Tuesday announced its post-tax profit for the first quarter (Q1) period ended March 31, 2019 appreciated 86.1 percent to N41.14 billion from N22.11 billion recorded a year ago.

In the same vein, pretax profit surged significantly  64.4 percent to N45.01 billion from N27.43 declared the same period of 2018.

Gross earnings of Access Bank increased from N137.53 billion in the review period of 2019 to N160.12 billion, showing an increase of 16.4 percent, the lender in a filing with the Nigerian Stock Exchange (NSE).

Shares of Access Bank at the close of the session’s trading on the Nigerian bourse appreciated  0.83 percent to N6.05 per share from N6.00 traded the previous session; gaining 0.05 kobo per share.

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