ACCESSCORP | Banking | H1:2024 Earnings Note | Higher Cost of Fund Limits Bottomline
In its recently released audited H1:2024 results, Access Holdings’Gross Earnings grew by 133.56% YoY1
to NGN2.20trn mainly due to the spike in interest income (+142.59% YoY to NGN1.47trn) and non-interest income (+116.11% YoY to NGN719.83bn), an offshoot of the fair value and foreign exchange gain. Elsewhere, Operating Expenses increased by 127.61% YoY to NGN719.10bn, following higher
Access Bank Plc (ACCESS.NL): Impressive performance across income lines in Q4 18
Access Bank Plc (Access) full-year 2018 earnings released this morning showed EPS expansion of 53.2% YoY to N3.28 following material decline in loan-loss provision (-57% YoY to N14.7 billion) and increase in net interest income (+6.2% YoY to N173.6 billion). On the latter, we reckon that despite 19.1% YoY growth in interest income (with assets […]
