Categories: Companies

Access Bank records N97.49bn profit in 6 months

Access Bank Plc. has posted a profit before tax (PBT) of N97.49 billion in six months as at June 30.

This was stated in the bank’s interim financial statement signed by the Company Secretary, Mr. Sunday Ekwochi, posted on the website of the Nigerian Exchange (NGX) Ltd. on Thursday in Lagos.

The PBT represented a growth of 31.21 per cent compared to N74.30 billion in the comparative period of 2020.

The statement said profit after tax (PAT) stood at N86.93 billion, against N61.03 billion in the comparative period of 2020.

The result also showed that Gross Earnings rose to N450.62 billion for the period under review as against N396.75 billion in the same period of 2020.

According to the statement, the Board of Directors has proposed an interim dividend of 30k per ordinary share of 50k each, against 25k paid in the comparative period of 2020.

Editor

Recent Posts

FG targets 2,000 CNG stations as State House joins conversion drive

The Federal Government has set a target of establishing 2,000 additional Compressed Natural Gas (CNG)…

8 hours ago

Elumelu urges Africa to unlock potential via power, trade

The Chairman of Heirs Holdings and Founder of the Tony Elumelu Foundation, Tony Elumelu, has…

8 hours ago

Trump appoints new chief of staff

United States President Donald Trump has appointed Stephen Miller, the architect of his hardline immigration…

8 hours ago

Tinubu approves Ibom Deep Seaport

President Bola Tinubu has approved the long-awaited Ibom Deep Seaport project in Akwa Ibom State,…

9 hours ago

10 key things to know about Justice Lifu’s judgment affecting ADC, Atiku, By Abdulrahman Abdulaziz

The political landscape has been thrown into fresh turbulence after the Federal High Court delivered…

9 hours ago

Zenith Bank gives N190m to 13 African innovators at tech fair

Zenith Bank Plc has rewarded 13 innovators with a total of N190 million at the…

10 hours ago

This website uses cookies.