May 2, 2024/Futureview Research

Highlights of Access Holdings Plc Earnings Report:

Access Holdings Plc, in its Q1’2024 financial report released on April 30, 2024, maintained its position as Nigeria’s largest banking group, boasting total assets reaching N32.6 trillion. The company experienced a remarkable 129% increase in Gross earnings during the review period, with net interest income surging by 189% to N275.72 billion and non-interest income climbing by 49% to N254.64 billion in Q1’2024. Despite facing increased interest expenses (179%), operating expenses (84%), and income tax expenses (337%), the HoldCo demonstrated resilience, reporting a profit before tax of N202.74 billion (148% year-on-year) and a profit after tax of N159.29 billion (122% year-on-year).

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