September 12, 2020/InvestmentOne Report · Net interest income of N75.91billion, down 6.86%q/q , up 34.64%y/y · Non-interest income of N69.85billion, up 49.76%q/q, down 9.38%y/y. · Profit before tax of N55.34billion, down 5.87%q/q, up 1.75% y/y. · Profit after tax of N53.30billion, up 5.49%q/q, 0.58%y/y. Jump in Credit Loss Weighs in […]
Results & Dividends
Access Bank Plc H1 2020: Rise in Credit Losses and Weak Net Interest Income Drive PBT down
September 12, 2020/InvestmentOne Report · Net interest income of N53.99billion, down 25.23%q/q , down 45.08%y/y · Non-interest income of N65.87billion, down 9.74%q/q, up from N364million in Q2 2019. · Profit before tax of N28.01billion, down 39.49%q/q, up 0.54% y/y. · Profit after tax of N20.11billion, down 50.88%y/y, down 2.99%y/y. […]
Access Bank Plc H1-2020 Audited Financial Result: Consolidating gains from derivative assets
September 11, 2020/United Capital Report Consolidating gains from derivative assets Access Bank Plc (“ACCESS” or “The Bank”) released its H1-2020 results earlier, showing a 22.3%y/y growth in Gross Earnings (GE) to N396.8bn. However, PBT and PAT growth were muted, +1.8% and -1.4% to N74.3bn and N61.0bn, respectively. Loans and Deposits […]
