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Apr

In Three Months, Access Bank Earns N222 Billion And Makes A Profit Of N60 Billion

Despite the difficult operating climate, Access Bank delivered good results in the first quarter (Q1) ended March 31, 2021. According to the figures, the bank earned N222.1 billion in gross earnings, up 6% from N2029.8 billion in the same timeframe of 2020. Profit Before Tax (PBT) increased by 30% to N60.1 billion from N46.2 billion in 2020, while Profit After Tax (PAT) increased by 28% to N52.6 billion from N40.9 billion in 2020, thanks to a 13% increase in operating income and a 16% decrease in interest expense. Mr. Herbert Wigwe, Group Chief Executive Officer of Access Bank Plc, said […]