Companies
Updated: September 23, 2023

Access Holdings Plc Records N940 Billion Gross Earnings

By Felicia Abisola Olamiji
September 23, 2023
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For the second quarter of the 2023 financial year, Access Holdings Plc recorded a gross earnings of N940.311 billion, which indicates a 58.89 per cent increase.

The bank also recorded a profit before tax of of N145.96 billion, which indicates a 71.39 per cent increase

During the period under review, interest Income grew by 63 per cent to N606.837 billion and interest expense also grew to N382.598 billion representing a 118.88 per cent increase.

For the second quarter, Access Holdings also recorded net interest income of N224.239 billion.

Net income on fees and commission rose to N88.026 billion, which is a 58.78 per cent increase, loans and advances to customers rose to N6.71 trillion, reflecting a 31.57 per cent increase, while total assets grew to N20.853 trillion.