Access Bank Says 9-Months Pretax Profit up 45%

By Peter OBIORA InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Access Bank Plc said on Wednesday its pretax profit for the period ended September 30, 2015 climbed up 45 percent to N60.37 billion from N41.74 billion recorded a year ago.

Similarly, post tax profit grew 38 percent to N48.09 billion from N34.93 billion posted the same period of 2014.

Gross earnings of the lender increased from N181.38 billion in the nine months period of 2014 to N257.59 billion recorded in the review period of 2015; indicating an increase of 42 percent.

At the close of the day’s trading on the Nigerian bourse, shares of Access Bank grew 0.81 percent to N4.99 from N4.95 recorded the previous session; gaining 0.04 kobo per share.

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