By InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s tier one lender, Access Bank Plc said on Tuesday it expect its loan book to increase by 10 percent this year, lower than the 25 percent growth posted last year, a Reuters report quoted the Bank.

Also, Access Bank said it has projected growth of 10 percent last year, but that estimate was exceeded due to increased on-lending activities. The report said in 2014, loan growth was 39 percent, according to the Bank in a presentation.

The Nigeria’s top tier lender expects to increase its focus on asset quality this year, while pursuing an increase in loans in line with its outlook. The report says Access Bank expects return on average equity (ROE) to hit 22 percent in 2016, up from 20.4 percent in 2015.