Culled—Proshare August 24, 2017/Investment One Research Q2 2017 results highlight: Opex weighs heavy on strong non-interest earnings ·         Net interest income of N40.3bn, down -5.7% q/q; up +19.1% y/y ·         Profit before tax of N20.8bn, down -33.2% q/q; -2.7% y/y ·         Profit after tax of N13.4bn, down -48.3% q/q; -4.3% y/y […]

Culled—Proshare August 24, 2017/Vetiva Research o   Strong FX income spurs top line growth o   OPEX pressure persists, up 38% y/y o   Loan book and deposits moderate, FY’17 forecast revised lower o   Board declares interim dividend of N0.25 per share ACCESS released its H1’17 result reporting a strong 42% y/y growth […]

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 […]