Access Bank Records 113% Rise In Profits To N65 billion, Proposes 30kobo Dividend

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Access Bank Plc released its financial result for the full year ended 31 December,
2015. The result showed that the Net interest income increased by 5.36% from N100 billion in 2014 to N105 billion in 2015. The bank also increased its net fee and commission income by 78.60% from N18.6 billion to N33 billion in 2015.

Pre-tax profits rose by 87.99% from N39.9 billion in 2014 to N75 billion in 2015, while Profit after tax increased by 113% from N30.8 billion in 2014 to N65 billion in 2015.

Access Bank proposed a final dividend of N0.30 kobo per share, with the closure date scheduled for April 13, 2016 while the date of payment is May 27, 2016.
Access Bank was trading at N4.15, down 7.89% as at press time.

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