By Peter Egwuatu
Access Bank Plc, Thursday, announced its third quarter (Q3) results for 2017, recording a 33 per cent growth in gross earnings at N365 billion up from N275 billion in the corresponding period of 2016.
The bank has explained that the growth in earnings was driven primarily by the strong performance on core revenue lines.
According to the result released on the Nigerian Stock Exchange, NSE, the Group delivered 5.7 per cent increase in pre-tax profits to ¦ 72.9 billion in September 2017, from ¦ 69.0 billion in September 2016.
Furthermore, the Bank’s Q3 performance showed that operating costs reduced significantly by 18 per cent quarter-on-quarter to ¦ 49.5billion in September, reaffirming the Bank’s commitment to rein in costs and improve operating efficiency.
Commenting on the performance in Q3 2017, the bank’s Group Managing…
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