Access Bank Reports N12.8 Billion 3Q PAT
Access Bank has released its 3Q earnings. Revenue was up 55 to N 82 Billion from N 77.9 Billion over the same period last year.
Profit Before Tax and net profit grew at a rate of 17% and 34% respectively. Net Profit was N 12.8 Billion from N 9.5 Billion over the same period in 2010.
Lending increased by 27% to N0.54 Trillion from N 429 Billion, likewise deposits were also up 33% to N 646 Billion from n 486 Billion in q3 2010.
Access Bank recently acquired Intercontinental Bank plc, and is one of the most respected banks in the country.
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