Access Bank Plc announced a pre-tax profit of N72.9 billion for the third quarter, up from the N69 billion recorded in the corresponding quarter of 2016.

On a yearly basis, the gross earnings surged from N275 billion recorded in the 3Q 2016 to N365 billion in 2017, representing an increase of 33 percent.

Profit after tax climbed by 4 percent from N54.1 billion in the 3Q of 2016 to N56.4 billion in the third quarter of 2017.

According to the group managing director, Herbert Wigwe, Access Bank continues to gain momentum from a well-diversified earnings that are driven primarily by strong performance from core revenue lines.

“We continue to gain momentum in our efforts to achieve more diversified earnings, as we strengthen our retail and digital offerings. I am excited at the prospects in the coming months.”

Also, the bank’s 3Q performance showed operating costs dropped by 18 percent quarter-on-quarter to N49.5 billion in September. Further validating the bank’s commitment to improve operating efficiency while reining in costs.

The lender added that capital and liquidity buffers of 20.5 percent and 46 percent, respectively, are well above the minimum regulatory requirement.

“The Board and Management remain extremely grateful to our more than 8 million customers, shareholders and dedicated employees for enabling us achieve several milestones within this period. We look forward to the next five years, with confidence in our ability to deliver superior service and optimised shareholder value,” Wigwe stated.

http://investorsking.com/access-bank-declares-n56-4bn-profit-3q/

nice

Great.

Okay

Great

What is Access Bank? What is it used for?

Good 4 dem... Bt these banks dey make beta money o

Great.. This is what happens when we all prefer to save our money in the bank than use them to start up a business. The rich invest, the poor save.. SMH..

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But how dem dey gain self. I save money I withdraw am back. Abi na ghost gain ni or they are faking it

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A

I did not read the news but I think the father is the cause of the problem. since the daughter got pregnanted by the Landlord, the father should either abort the pregnancy and move on but if not, the father should try and pregnant the landlord wife too or make Amala for the landlord to eat and die.

okay

All banks making profit this year but won't sponsor unemployed graduates with soft loans

Makes can keep 200bn every year to be loans to the youths to start investments imagine how much job this would creat

That's my bank for 10yrs+.

Space for rent.
Agency and legal fee- 10%

In Access Bank, our promise to you is speed, service and security in all your interactions with us

All those service charges and the silly stamp duty they are empowered by our clueless government to deduct after investing with our money... How them no go make big profit?

I rather invest in btc, than save my money in banks, except my main funds

They can rdo Duce their loan rates

They are lucky that they have reversed my money they stole. Very annoying bank!!
GTB sure pass!

good

Access Bank can mess up online transactions sha.

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Congratulations Access bank but your workforce are not being paid well. Majority of your staff are contract staff and they work like an elephant and eat like an ant. I don't blame you guys but NLC and FG.

The 4th quarter is always the most profitable. While this is a good performance, you have to compare that with other banks. You also need to study how the profit was made and how sustainable it will be. What do they pay their staff? What is their debts status? How old is their assets and when will it be replaced? etc.
This is only useful for investors and creditors. It is not so much useful to small customers that do small small deposits and withdrawals except that it gives you the security that the bank will not run away with your money in the dearest future.

nerodenero:
Congratulations Access bank but your workforce are not being paid well. Majority of your staff are contract staff and they work like an elephant and eat like an ant. I don't blame you guys but NLC and FG.

Same with other banks bro.

I'm so surprised people are believing all this lies of false profit declaration, if they make this much, abeg how much dividend are they going to pay shareholders? that where you will know their actual profit. all this big figures is to paint them as good as possible whereby luring some people to buy their shares at the stock/capital market.

GideonIdaboh:
In Access Bank, our promise to you is speed, service and security in all your interactions with us

and monthly deduction even without making any withdrawal

i think i will go build my own bank, it will be called no-refundable plc


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