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% […]

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 […]

Culled—Proshare August 23, 2017/FBNQuest Research Event:                     Access Bank reports Q2 2017 results Implications:     Consensus earnings estimates likely to move up; Neutral reaction expected from the market Positives:              Strongly double-digit revenue growth Negatives:            Opex increased by 45% y/y; provisions by 124% q/q This afternoon Access Bank (Access) published its […]