Results & Dividends

Access Bank Profit Decline -8% in 2013

Posted by InvestAdvocate on

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By Yakubu LAAH InvestAdvocate

Lagos (INVESTADVOCATE)-Nigerian lender Access Bank Plc Monday announced a decline of eight (-8.0%) in its profit for the audited period end December 31, 2013.

To record the -8.0% decline in profit for 2013 audited year end, the bank recorded a profit after tax (PAT) of N36.298 billion compared to N39.328 billion in 2012 end.

Similarly, profit before tax (PBT) decreased from N46.535 billion in 2012 end to N44.996 billion in the 2013 audited year end; indicating a decrease of -3.0%.

However, gross earnings increased slightly by 0.1% in the review period as the bank posted N206.786 billion in 2013 end compared to N206.498 billion in the corresponding period of 2012.

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