APRIL 23, 2020
By InvestAdvocate
Lagos (INVESTADVOCATE)-Nigeria’s tier one (1) lender, Access Bank Plc on Thursday announced its pretax profit for the first quarter (Q1) period ended March 31, 2020 inched up 2.6 percent to N46.19 billion from N45.10 billion recorded a year ago.
Post-tax profit inched down 0.5 percent to N40.92 billion from N41.14 billion declared the same period of 2019.
Interest income of Access Bank increased 19 percent to N131.86 billion from N110.77 billion declared in the corresponding period of 2019, the lender in a filing with the Nigerian Stock Exchange (NSE).
Shares of Access Bank at the close of the session’s trading on the Nigerian bourse appreciated 1.60 percent to N6.35 per share from N6.25 traded the previous session; gaining 0.10 kobo per share.
