Access Bank’s customers deposit drops to N2.409 trln as loans and advances dip to N1.905 trln


Access Bank Plc Loans and advances to customers dropped to N1.905 trillion from N1.996 trillion, while deposits from customers also declined to N2.409 trillion as against N2.245 trillion in 2017.

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As the one-tier bank declares a profit after tax of N39.625 billion and also offered an interim dividend of 25 kobo per share, amounting to N7.23 billion in its half year financial results submitted to the Nigerian Stock Exchange (NSE) Wednesday.

The bank recorded gross earnings of N253.024 billion as against N246.575 billion in the corresponding period of 2017.

Total income stood at N186.686 billion, representing an increase of 15.3 percent over N161.905 billion recorded in the corresponding period of 2017, while net interest income grew to N85.296 billion from N83.042 billion in the comparative period of 2017.

Meanwhile, net impairment charge went down to N7.34 billion in 2018 from N10.363 billion in 2017.

Godwin Okafor
Godwin Okafor
Godwin Okafor is a Financial Journalist, Internet Social Entrepreneur and Founder of Naija247news Media Limited. He has over 16 years experience in financial journalism. His experience cuts across traditional and digital media. He started his journalism career at Business Day, Nigeria and founded Naija247news Media in 2010. Godwin holds a Bachelors degree in Industrial Relations and Personnel Management from the Lagos State University, Ojo, Lagos. He is an alumni of Lagos Business School and a Fellow of the University of Pennsylvania (Wharton Seminar for Business Journalists). Over the years, he has won a number of journalism awards. Godwin is the chairman of Emmerich Resources Limited, the publisher of Naija247news.


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