October 30, 2019/Coronation Report
Access Bank released unaudited 9M 2019 results yesterday. Net profits were up 44.2% y/y to N90.7bn (US$251.9m).
Net interest income grew 71.0% y/y to N210.2bn (US$583.9m). Net fee and commission income was up 49.5% from the previous year.
The cost to income ratio declined by 79.6bps to 63.1% y/y.
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