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Home Business News

Access Bank profit drops to ₦80 billion in 2017

Onome Ohwovoriole by Onome Ohwovoriole
March 21, 2018
in Business News, Company News
Access Bank profit drops to ₦80 billion in 2017

Herbert Wigwe Access bank MD

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Access Bank today released its financial statements for the year ended December 2017. Gross Earnings increased from ₦381 billion in 2016 to ₦459 billion in 2017. Profit before tax fell from ₦90 billion in 2016 to ₦80 billion in 2017. Profit after tax also dropped from ₦71 billion in 2016 to ₦61 billion in 2017.

The bank has declared a final dividend of ₦0.40 per share, bringing total dividend payment for 2017 to ₦0.65.

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Onome Ohwovoriole

Onome Ohwovoriole

Onome Ohwovoriole has a degree in Economics and Statistics from the University of Benin and prior to joining Nairametrics in December 2016 as Lead Analyst had stints in Publishing, Automobile Services, Entertainment and Leadership Training. He covers companies in the Nigerian corporate space, especially those listed on the Nigerian Stock Exchange (NSE). He also has a keen interest in new frontiers like Cryptocurrencies and Fintech. In his spare time, he loves to read books on finance, fiction as well as keep up with happenings in the world of international diplomacy. You can contact him via onome.ohwovoriole@nairametrics.com

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