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 Posted: Mon Nov 10, 2008 2:47 pm Post subject: Access Bank Posts N11.5 billion Half-year Profit |
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Access Bank Posts N11.5 billion Half-year Profit
10th Nov. '08
Access Bank Plc has posted a half-year profit of N11.5bn, representing an increase of 116 per cent over the N5.3 billion made during the same period in 2007. Besides, the bank`s gross earnings increased by 97 per cent, having grown to N46.19 billion from N23.42 billion in 2007. A statement issued by the bank said the half-year unaudited result recently released to the Nigerian Stock Exchange (NSE) and the shareholders of the bank demonstrates that its strategies on achieving its goal of being among the top three banking groups in Nigeria by 2012 are on course.
The milestone result is indicative of increased customer confidence in the bank and its management as all performance indicators recorded significant improvements, the statement said. Commenting on the results, Chief Financial Controller of the bank, Seyi Kumapayi, said we have once again succeeded in doubling year on year profits which is all the more satisfying, as it has been achieved in the context of detriorating global credit markets. Our robust balance sheet continues to underpin the solid financial foundation of Access Bank, supports our international expansion and keeps us on track to achieving our ambition of becoming one of the top three financial services groups in Nigeria by 2012.
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May we be strengthened with the ability, willingness and capabilities to be good ambassadors of Nigeria contributing to its uplifting, rather than its detriment. - Cxsm |
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