Access Bank gross earnings hit N206.78 bn



Access Bank Plc has recorded gross earnings of N206.786 billion for the financial year ended Deccember 2013 against N206.498 billion posted in the previous year.
The banks profit before tax dropped by three per cent to N44.996 billion in the reviewed year from N46.535 billion in the preceding year.

Also  Profit for the year dropped by eight per cent to N36.298 billion from N39.328 billion recorded in the corresponding period.
The bank’s interest income depreciated to N145.961 billion from N165.294 billion achieved in the preceding year, representing a drop of 12 per cent while Net Interest income declined by 22 per cent from N100.234 billion to N77.724 billion within the period under review.

The board of directors recommended dividend payment of N0.35 kobo per share held by investors.                    The bank’s total assets grew by five per cent from N1.745 trillion to N1.835 trillion while total liabilities went up by six per cent to N1.590 trillion from N1.504 trillion recorded in 2012.

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