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Access Bank Declares N38.4 billion Profit After Tax

By on April 4, 2013

Access Bank Plc has declared a dividend of N0.6 kobo on earnings of N208 billion and profits of N38.4 billion.

The details emerged in the audited financial reports which were released to regulators and stakeholders yesterday.

Gross Earnings were up to N208 billion, an improvement of 54% from the 2011 position of N135 billion.

Earnings were driven largely by a 52% hike in Investment Income.

Loan impairment charges increased by14% to N10.7 billion.

Profit after tax rose to N38.5 billion, up 150% from N15.3 billion in 2011.

Earnings per share were N1.69kobo.

Qualification date for the dividend is the 25th of April.