Lagos – Access Bank Plc on Wednesday announced gross earnings of N459.08 billion for the financial year ended December 31, 2017.
The gross earnings grew by N77.76 billion or 16.94 per cent compared with N381. 32 billion recorded in the corresponding period of 2016.
The bank’s audited result, released by the Nigerian Stock Exchange (NSE), showed that profit before tax declined to N80.07 billion from N90.34 billion in 2016.
The profit before tax dropped by N10.27 billion or 11.36 per cent when compared with N90.34 billion achieved in the previous year.
NAN reports that profit for the year stood at N61.99 billion from N71.44 billion posted in 2016.
An analysis of the bank result showed that total impaired loans and advances stood at N 101.36 billion from N36.61 billion recorded in 2016.
Interest income rose to N319.85 billion from N247.29…
Read More…..Vanguard Newspaper
