August 24, 2017/Cowry Asset Research Access Bank Plc yesterday released its audited half-year June 2017 results; Gross Earnings grew year-on-year by 41.70% to N246.58bn – mainly driven by 59.02bn income from foreign exchange trading and a 44.18% year-on-year increase in Interest income to N161.90bn. Profit before tax also expanded to […]
Results & Dividends
Access Bank Plc H1-17 Results: Impressive Top Line Growth Dashed by Change in AMCON Levy Treatment, PBT (+4.04% y/y) and PAT (-0.08% y/y) Staggered
August 23, 2017/Cordros Research Click here to download full PDF Report Access Bank Plc (ACCESS) this afternoon released its H1-17 results, wherein gross earnings (44.45% y/y, 8.00% above our estimate) came in strong. This follows an impressive growth across key line items; interest income (+44.18% y/y) and non-interest income (+36.78% […]
GTBank: Upward Revision to FY-2017 EPS
August 23, 2017/Cordros Research Click here to download full PDF Report In its recently released H1-17 results, GUARANTY’s non-interest revenue (NIR) declined significantly by 52.85% y/y, reflecting a lower than expected FX revaluation gains which by our understanding, is as a result of the lower exchange rate adopted by the […]
