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Home Business News

Access Bank records N375 billion earnings in Q3 2018.

Fikayo Owoeye by Fikayo Owoeye
October 23, 2018
in Business News, Company News, Company Results
Herbert Wigwe

Herbert Wigwe, Access Bank CEO

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Access Bank has released its Q3 2018 financial result for the period ended 30th September 2018.

Here are the highlights of the result

Gross Earnings

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The Gross Earnings for the 9- months increased from N365.1bn recorded during the corresponding period in 2017 to N375.2bn in 2018. This represents a three percent increase year on year.

Profit Before Tax

Profit Before Tax dropped from N72 billion for the period in 2017 to N70.3 billion in 2018.

Profit After Tax

The Profit After Tax increased from N56.4bn, which was recorded during the same period in 2017 to N62.9bn for the third quarter of this year.  This amounts to a 12 percent increase year on year.

Current Share Price 

The share price of Access Bank is currently trading at N8.00 on the floor of the Nigerian Stock Exchange.

DOWNLOAD ACCESS BANK Q3 2018 RESULTS


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Fikayo Owoeye

Fikayo Owoeye

Fikayo has a degree in computer science with economics from Obafemi Awolowo University. ITIL v3 in IT service management. An alumnus of Daystar Leadership Academy. Prior to joining Nairametrics had stinct in Project management, Telecommunications among others. Also training in Consulting and Investment banking from Edubridge Academy. He has very keen interest in Politics, Agri-business, private equity and global economics. He loves travelling and watching football. You can contact him via fikayo.owoeye@nairametrics.com

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