Business
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).
ALSO SEE: Experts push for $230-$240 exchange rates as MPC commences meeting
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.
-
Crime7 days agoServing police officers arrested with firearms amid escalating Cross River communal crisis
-
Latest6 days agoHigh Court opens hearing on Goodluck Jonathan’s 2027 presidential eligibility
-
Latest5 days agoNigerian Senate reverses standing orders amendment over constitutional concerns
-
Latest2 days agoWike loyalists dominate As APC clears 33 aspirants for Rivers Assembly primaries, 65 disqualified
-
Crime15 hours agoBritish-Nigerian prisoner escapes after mistaken release from custody
-
Business7 hours agoAnger, debate trail proposed $1.25bn loan amid concerns over Nigeria’s debt surge
-
Business8 hours agoNigeria’s 2026 debt servicing hits $11.6bn as Tinubu decries global financial inequity
-
Crime8 hours agoNDLEA seizes N10.4bn Canadian ‘loud’ shipment at Lagos Port, vows crackdown on syndicates