March 6, 2020

By Paschal Ijeh InvestAdvocate

Lagos (INVESTADVOCATE)-Nigeria’s tier one (1) lender, Access Bank Plc said on Friday its post-tax profit for the period ended December 31, 2019 inched up 2.7 percent to N97.51 billion from N94.98 billion recorded a year ago.

In the same vein, pretax profit increased 11.8 percent to N115.37 billion from N103.18 billion declared the same period 2018.

Gross earnings of Access Bank increased from N528.74 billion in 2018 year end to N666.75 billion in the review period of 2019, showing an increase of 26.1 percent, the lender in a filing with the Nigerian Stock Exchange (NSE).

Access Bank proposed a final dividend 0.40 kobo per share added to an interim dividend of 25 kobo for the half year ended June 30, 2019, representing a total dividend of 0.65 kobo per share.

Qualification and closure date has been scheduled for April 14 and April 15, 2020, while payment date is scheduled for April 30, 2020.