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 […]
Results & Dividends
Access Bank Plc H1 2017 Result Summary
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 […]
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% […]
