Access Bank Reports Massive Rise In Profits

LAGOS: Access Bank Plc has released its unaudited financial statements for the period ended September 30, 2019, which clearly show positive figures across most financial indicators. The breakdown is shown below.

The financial statements showed that Access Bank generated N210.21 billion in net interest income as at the period ended September 2019. This represents a 70.98% increase compared to the nine months period of 2018 when the lender recorded N122.94 billion.

As at the end of the third quarter of September 2019, Access Bank recorded N103.10 billion as profit before tax, up from N70.26 billion recorded as at the end of the third quarter of September 2018. This represents an increase of 46.74%.

The lender recorded a profit of N90.73 billion for the nine-month period of 2019, compared to N62.91 billion recorded at the end of the nine months period for 2018. This represents a 42.22% increase in profit.

The bank recorded N2.18 as earnings per share as at the end of the third quarter of 2018 compared to N2.79 as at the end of the third quarter of 2019