Access Bank pre-tax profit advances 88%, Offers 55 kobo total dividend

By Chioma Obinagwam

Access Bank Plc said its pre-tax profit for the period ended December 31, 2015 climbed up 88 per cent to N75.04 billion from N39.92 billion recorded a year ago.

Also, profit after tax (PAT) grew 113.4 percent to N65.87 billion from N30.87 declared the same period 2014.

Gross earnings of Access Bank increased from N245.38 billion in 2014 end to N337.40 billion in the review period of 2015, showing an increase of 37.5 percent, according to the lender in a filing with the Nigerian Stock Exchange (NSE).

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Also, the board of directors of the Bank has proposed a final dividend of 30 kobo per share coupled with the 25 kobo per share interim declared earlier; totaling 55 kobo per share dividend for the 2015 audited year end.

Access Bank says closure date is April 13, 2016; while Annual General meeting (AGM) date and payment date has been scheduled for April 27, 2016 respectively.