Access Bank records N97.49bn profit in 6 months

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

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

In comparison to N74.30 billion in the same period in 2020, the PBT increased by 31.21 percent.

According to the announcement, profit after tax (PAT) was N86.93 billion in 2019, compared to N61.03 billion in 2020.

Gross Earnings increased to N450.62 billion for the year under review, compared to N396.75 billion for the same period in 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.

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