• Login
  • Register
Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
Nairametrics
No Result
View All Result
Home Opinions Blurb

GTB and Access Bank Delayed Results: No Cause For Alarm?

Nairametrics by Nairametrics
July 20, 2016
in Blurb
How Access Bank Leapfrogged Other Lenders In Q1
Share on FacebookShare on TwitterShare on Linkedin

Guaranty Trust Bank Plc (GTB) and Access Bank Plc both issued separate press releases informing investors that there would be delays to the  release of their  respective 2016  half-year results.

The Nigerian Stock Exchange expects results other than full year Audited Accounts to be released at least within 30 days after the end of the quarter. Both banks have now suggested a delay that could drag into late August 2016.

A section of retail investors are quite worried about these announcements suspicious that it could be a sign that things might not be very well with their earnings. Nigerian companies are fond of delaying results if it is likely to report material losses in their financials. Investors are also understandably worried considering the spate of profit warnings that have been issued by most banks as well as the fear that there could be more banks with inadequate prudential ratios. GTB and Access Bank both lost 3.9% and 1.43% on Tuesday. GTB’s 3.9% the most it has lost since June 27th 2016.

RelatedStories

Access Bank

Access Bank acquires Standard Chartered Tanzania operations amid CBN’s regulatory forbearance restrictions on foreign deals 

June 24, 2025
Access Bank

Inside Access Bank’s N180 billion claims against MTN 

June 13, 2025

However, we do not see anything sinister associated with the delays as both banks typically pay interim dividends after their half-year results. Based on this, they will have to audit their financial statements and seek regulatory approval before making it public. Whilst we agree these shouldn’t take as much time as they have both suggested, a delayed result can be justifiable if it means that it will be audited. We will always accept an audited results over one that is not audited.

Nevertheless, we can’t rule our foul play completely as the Nigerian financial space is one that can’t be fully trusted. In this market, there is a lot more hidden information than public. We will continue to track this development and report if we get anything contrary to our views. For now, invest cautiously.

Tags: Access Bank Plc News
Nairametrics

Nairametrics

Nairametrics is Nigeria's top business news and financial analysis website. We focus on providing resources that help small businesses and retail investors make better investing decisions. Nairametrics is updated daily by a team of professionals. Post updated as "Nairametrics" are published by our Editorial Board.

Related Posts

Access Bank
Company News

Access Bank acquires Standard Chartered Tanzania operations amid CBN’s regulatory forbearance restrictions on foreign deals 

June 24, 2025
Access Bank
Financial Services

Inside Access Bank’s N180 billion claims against MTN 

June 13, 2025
Access Bank completes acquisition of National Bank of Kenya to deepen presence in East Africa 
Corporate deals

Access Bank completes acquisition of National Bank of Kenya to deepen presence in East Africa 

June 2, 2025
Access Bank reaffirms commitment to diaspora financial inclusion, commends launch of NRBVN Platform
Companies

Access Bank reaffirms commitment to diaspora financial inclusion, commends launch of NRBVN Platform

May 27, 2025
EFCC, NOUN, Sunflower Hotel
Financial Services

Alleged N5.7 billion fraud: EFCC witness reveals how ex-Bank employee accessed customers’ accounts 

May 16, 2025
#NoNoiseJustSigns: Access Bank unveils DiamondXtra Season 17, to reward customers with over N200m
Companies

#NoNoiseJustSigns: Access Bank unveils DiamondXtra Season 17, to reward customers with over N200m

May 15, 2025
Next Post
Why We Are Worried That Sterling Bank Chickened Out Of Buying Keystone Bank?

Why We Are Worried That Sterling Bank Chickened Out Of Buying Keystone Bank?

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Emple
nlng
first bank








DUNS

Recent News

  • JAMB releases 2025 UTME mop-up results across Nigeria 
  • Nigeria placed 3rd in Africa for highest Air Ticket charges in 2024 – New Report
  • Nigeria Customs warns public against fake July CBT recruitment shortlist, vows actions against fraudsters 

Follow us on social media:

Recent News

2025 UTME: JAMB to investigate mass complaints over low scores and technical issues 

JAMB releases 2025 UTME mop-up results across Nigeria 

July 6, 2025
Airlines, African airlines

Nigeria placed 3rd in Africa for highest Air Ticket charges in 2024 – New Report

July 6, 2025
  • iOS App
  • Android App
  • Contact Us
  • Home
  • Markets
  • Sectors
  • Economy
  • Business News
  • Financial Literacy
  • Disclaimer
  • Ads Disclaimer
  • Copyright Infringement

© 2025 Nairametrics

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Social Media Auto Publish Powered By : XYZScripts.com
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
    • Economy
    • Nairalytics
  • Markets
    • Currencies
    • Cryptos
    • Commodities
    • Equities
      • Company Results
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Sectors
    • Agriculture
    • Aviation
    • Company News
    • Consumer Goods
    • Corporate Updates
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Health
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Renewables & Sustainability
    • Tech News
  • Business News
    • Budget
    • Public Debt
    • Funds Management
    • Tax
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
    • Research Analysis
  • Recapitalization
    • Access Holdings Offer
    • Fidelity Bank Offer
    • GTCO Offer
    • Zenith Bank Offer
  • Login
  • Sign Up

© 2025 Nairametrics