Access Bank Plc on Wednesday announced gross earnings of N246.6 billion for the 2017 half year ended June 30, 2017.
This represented a growth of 42 per cent when compared with N174.1 billion achieved in the comparative period of 2016 as stated in the bank’s audited half year result.
It was released by the Nigerian Stock Exchange (NSE) in Lagos.
The result indicated that the growth in gross earnings was driven by 66 per cent increase in interest income on the back of continued growth in its core business.
According to it, 34 per cent non-interest income underlined by strong foreign exchange income on the bank’s trading portfolio contributed to the growth in gross earnings.
“Its profit before tax rose to N39. 5 billion from N33.6 billion recorded during the same period in 2016,’’ it stated.
The bank also declared an interim dividend of 25k per share to its…
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