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Nairaland Forum / Nairaland / General / Business / Access Bank Declares N56.4bn Profit In 3Q (4805 Views)
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Access Bank Declares N56.4bn Profit In 3Q by Truth234(m): 6:09am On Oct 31, 2017 |
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/ |
Re: Access Bank Declares N56.4bn Profit In 3Q by salemdv(m): 6:17am On Oct 31, 2017 |
nice 1 Like |
Re: Access Bank Declares N56.4bn Profit In 3Q by kay29000(m): 7:16am On Oct 31, 2017 |
Great. 2 Likes |
Re: Access Bank Declares N56.4bn Profit In 3Q by Ayo4251(m): 7:16am On Oct 31, 2017 |
Okay |
Re: Access Bank Declares N56.4bn Profit In 3Q by Nobody: 7:16am On Oct 31, 2017 |
Great |
Re: Access Bank Declares N56.4bn Profit In 3Q by Foodforthought: 7:17am On Oct 31, 2017 |
What is Access Bank? What is it used for? 1 Like |
Re: Access Bank Declares N56.4bn Profit In 3Q by InwehAkpevwe(m): 7:17am On Oct 31, 2017 |
Good 4 dem... Bt these banks dey make beta money o |
Re: Access Bank Declares N56.4bn Profit In 3Q by Finstar: 7:17am On Oct 31, 2017 |
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.. Visit www.entmirror.com for all your business ideas 1 Like |
Re: Access Bank Declares N56.4bn Profit In 3Q by wolextayo: 7:18am On Oct 31, 2017 |
But how dem dey gain self. I save money I withdraw am back. Abi na ghost gain ni or they are faking it ![]() 7 Likes |
Re: Access Bank Declares N56.4bn Profit In 3Q by Clerverly: 7:19am On Oct 31, 2017 |
Sai Buhari 2023! 4 Likes 1 Share |
Re: Access Bank Declares N56.4bn Profit In 3Q by nony43(m): 7:19am On Oct 31, 2017 |
A |
Re: Access Bank Declares N56.4bn Profit In 3Q by Nobody: 7:19am On Oct 31, 2017 |
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. 4 Likes 1 Share |
Re: Access Bank Declares N56.4bn Profit In 3Q by yomalex(m): 7:21am On Oct 31, 2017 |
okay |
Re: Access Bank Declares N56.4bn Profit In 3Q by mrvitalis(m): 7:23am On Oct 31, 2017 |
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 |
Re: Access Bank Declares N56.4bn Profit In 3Q by Viking007(m): 7:23am On Oct 31, 2017 |
That's my bank for 10yrs+. ![]() ![]() 1 Like |
Re: Access Bank Declares N56.4bn Profit In 3Q by Nedsnow(m): 7:24am On Oct 31, 2017 |
Space for rent. Agency and legal fee- 10% ![]() |
Re: Access Bank Declares N56.4bn Profit In 3Q by GideonIdaboh(f): 7:25am On Oct 31, 2017 |
In Access Bank, our promise to you is speed, service and security in all your interactions with us 1 Like |
Re: Access Bank Declares N56.4bn Profit In 3Q by SirHouloo(m): 7:26am On Oct 31, 2017 |
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? |
Re: Access Bank Declares N56.4bn Profit In 3Q by habeeb246(m): 7:27am On Oct 31, 2017 |
I rather invest in btc, than save my money in banks, except my main funds |
Re: Access Bank Declares N56.4bn Profit In 3Q by aku626(m): 7:27am On Oct 31, 2017 |
They can rdo Duce their loan rates |
Re: Access Bank Declares N56.4bn Profit In 3Q by anitapreeti(f): 7:28am On Oct 31, 2017 |
They are lucky that they have reversed my money they stole. Very annoying bank!! GTB sure pass! |
Re: Access Bank Declares N56.4bn Profit In 3Q by saraki2019(m): 7:28am On Oct 31, 2017 |
good |
Re: Access Bank Declares N56.4bn Profit In 3Q by overhypedsteve(m): 7:28am On Oct 31, 2017 |
Access Bank can mess up online transactions sha. visit RunMyResearch.com we provide one of the best academic research writing service you could ever find anywhere https://runmyresearch.com/hire-a-researcher/ make the best of your final year research project or Thesis
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Re: Access Bank Declares N56.4bn Profit In 3Q by nerodenero: 7:30am On Oct 31, 2017 |
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. 3 Likes |
Re: Access Bank Declares N56.4bn Profit In 3Q by holybabayo(m): 7:34am On Oct 31, 2017 |
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. 4 Likes |
Re: Access Bank Declares N56.4bn Profit In 3Q by ayusco85(m): 7:35am On Oct 31, 2017 |
nerodenero: Same with other banks bro. |
Re: Access Bank Declares N56.4bn Profit In 3Q by captainbell: 7:36am On Oct 31, 2017 |
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. |
Re: Access Bank Declares N56.4bn Profit In 3Q by terrezo2002(m): 7:40am On Oct 31, 2017 |
GideonIdaboh:and monthly deduction even without making any withdrawal |
Re: Access Bank Declares N56.4bn Profit In 3Q by olamil34(m): 7:42am On Oct 31, 2017 |
i think i will go build my own bank, it will be called no-refundable plc ![]() ![]() ![]() ![]() get the best prices from different stores on [url]quickfinda.com[/url] 1 Like |
Re: Access Bank Declares N56.4bn Profit In 3Q by MISSNORA(f): 7:46am On Oct 31, 2017 |
Zenith outshines them all |
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