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Access Bank Records N381.3billion Income - Business - Nairaland

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Access Bank Records N381.3billion Income by GoodGovernance: 11:00am On Mar 22, 2018
Access Bank Plc has released its audited results for the year ended 31 December, 2017,with total Income of N459.1 billion, representing an increase of 20 percent over N381.3 billion recorded in 2016. The growth in total income was mainly due to a 29 per cent increase in interest income at N319.9 billion in 2017,(representing 84% contribution).from N247.2 billion in 2016.

However, Profit Before Tax, PBT, declined by 11 percent to N80.1 billion in 2017,compared to N90.3 billion in 2016.This was due mainly to the adverse lingering effects of the macro factors on asset quality in the industry. Asset Impairment charges amounted to N34.47billion in 2017,compared to N21.95billion, in 2016.

Net Interest Income(Interest Income less Interest Expenses) grew by 17 percent ,at N163,452 billion in FY 2017, compared to N139,148 billion in 2016.

Non-Interest Income grew by five percent to N139.1 billion, in 2017 from N133.4 billion in 2016.l

The growth in the group’s Interest nIncome was boosted by an expansion in its core business of credit lending,as loans and advances grew 11 percent to N2,064 trillion in 2017, from N1,855 trillion in December 2016.

Total assets grew 18 percent to N4,102 trillion in December 2017, from N3,484 trillion in the corresponding period in 2016.

Additionally, the group recorded an increase of 13 percent in shareholder returns of N515 billion in December 2017, from N454 billion in 2016.

The Group proposes a final dividend of 40kobo per share to its shareholders, in addition to 25kobo interim dividend paid during the period, making a total of 65kobo for the financial year.

https://www.financialdigest.com.ng/blog/2018/03/22/access-bank-records-n381-3billion-income/
Re: Access Bank Records N381.3billion Income by hubtiva: 11:11am On Mar 22, 2018
1
Re: Access Bank Records N381.3billion Income by lakesider(m): 7:04am On Mar 23, 2018
And Nigeria economy is nt growing ?
Something is wrong somwhere

1 Like 1 Share

Re: Access Bank Records N381.3billion Income by Temmywalex: 7:04am On Mar 23, 2018
Good.
Re: Access Bank Records N381.3billion Income by kcy(m): 7:06am On Mar 23, 2018
our alawi God go punish access for unnecessary deductions

10 Likes 1 Share

Re: Access Bank Records N381.3billion Income by obaataaokpaewu: 7:06am On Mar 23, 2018
How many percent from Illegal deductions from customers accounts? embarassed embarassed

1 Like

Re: Access Bank Records N381.3billion Income by haibe(m): 7:07am On Mar 23, 2018
More news like this on Nairaland pls.

CC: Seun
Re: Access Bank Records N381.3billion Income by Acecards: 7:07am On Mar 23, 2018
kcy:
our alawi God go punish access for unnecessary deductions
abi grin

1 Like

Re: Access Bank Records N381.3billion Income by pawesome(m): 7:08am On Mar 23, 2018
Next
Re: Access Bank Records N381.3billion Income by recievesense: 7:08am On Mar 23, 2018
declining economy
Re: Access Bank Records N381.3billion Income by haibe(m): 7:08am On Mar 23, 2018
So
Re: Access Bank Records N381.3billion Income by frinx: 7:10am On Mar 23, 2018
Corper's alawee played a part in this grin

4 Likes

Re: Access Bank Records N381.3billion Income by dust144(m): 7:10am On Mar 23, 2018
Nice one, will it add to my account bal?
Re: Access Bank Records N381.3billion Income by nony43(m): 7:11am On Mar 23, 2018
Very useless bank, with their outrageous charges

1 Like

Re: Access Bank Records N381.3billion Income by romelady(f): 7:13am On Mar 23, 2018
after deducting money from peoples alawee. mtchewww

1 Like 1 Share

Re: Access Bank Records N381.3billion Income by FarahAideed: 7:14am On Mar 23, 2018
90 percent from illicit charges

5 Likes 1 Share

Re: Access Bank Records N381.3billion Income by Quality20(m): 7:14am On Mar 23, 2018
after cheating depositors

1 Like 1 Share

Re: Access Bank Records N381.3billion Income by Rexnegro(m): 7:15am On Mar 23, 2018
Wow
Re: Access Bank Records N381.3billion Income by Nobody: 7:19am On Mar 23, 2018
The banks are making profits now. Amcon shud return thier bad loans to them jare
Re: Access Bank Records N381.3billion Income by datola: 7:23am On Mar 23, 2018
All these banks with unproductive income.
Re: Access Bank Records N381.3billion Income by Nobody: 7:23am On Mar 23, 2018
lakesider:
And Nigeria economy is nt growing ?
Something is wrong somwhere
As per Economy, Nigeria is not going backward and neither is it stagnant..
Get your facts before you talk shit
Re: Access Bank Records N381.3billion Income by davide470(m): 7:24am On Mar 23, 2018
yeyerolling:
The banks are making profits now. Amcon shud return thier bad loans to them jare
They have always been making money, not as much as they should have.

Also, AMCON did not take the bad loans. The banks are taking care of their bad loans by making provisions for them in their books.
Re: Access Bank Records N381.3billion Income by dubai4eva: 7:26am On Mar 23, 2018
Yeeeeee youth coppers alawe. angry



Access why? cry
Re: Access Bank Records N381.3billion Income by eleojo23: 7:29am On Mar 23, 2018
The N50 stamp duty they always deduct from my account is part of that income sad

1 Like

Re: Access Bank Records N381.3billion Income by calddon(m): 7:31am On Mar 23, 2018
De should share dis moni amongst dia loyal customers like me nah
Re: Access Bank Records N381.3billion Income by Lomprico2: 7:33am On Mar 23, 2018
Na all their customer money whey dem dey tif small small be dat. angry

Criminals!!
Re: Access Bank Records N381.3billion Income by RomeoEmpire(m): 7:36am On Mar 23, 2018
GoodGovernance:
Access Bank Plc has released its audited results for the year ended 31 December, 2017,with total Income of N459.1 billion, representing an increase of 20 percent over N381.3 billion recorded in 2016. The growth in total income was mainly due to a 29 per cent increase in interest income at N319.9 billion in 2017,(representing 84% contribution).from N247.2 billion in 2016.

However, Profit Before Tax, PBT, declined by 11 percent to N80.1 billion in 2017,compared to N90.3 billion in 2016.This was due mainly to the adverse lingering effects of the macro factors on asset quality in the industry. Asset Impairment charges amounted to N34.47billion in 2017,compared to N21.95billion, in 2016.

Net Interest Income(Interest Income less Interest Expenses) grew by 17 percent ,at N163,452 billion in FY 2017, compared to N139,148 billion in 2016.

Non-Interest Income grew by five percent to N139.1 billion, in 2017 from N133.4 billion in 2016.l

The growth in the group’s Interest nIncome was boosted by an expansion in its core business of credit lending,as loans and advances grew 11 percent to N2,064 trillion in 2017, from N1,855 trillion in December 2016.

Total assets grew 18 percent to N4,102 trillion in December 2017, from N3,484 trillion in the corresponding period in 2016.

Additionally, the group recorded an increase of 13 percent in shareholder returns of N515 billion in December 2017, from N454 billion in 2016.

The Group proposes a final dividend of 40kobo per share to its shareholders, in addition to 25kobo interim dividend paid during the period, making a total of 65kobo for the financial year.

https://www.financialdigest.com.ng/blog/2018/03/22/access-bank-records-n381-3billion-income/
Gowon Yakubu shared in his facebook page list of achievements by past leaders irrespective of corruption. There was corruption in Nigeria when Awolowo built Cocoa House, TV station and the first university in Africa

There was corruption in Nigeria when IBB built Third Mainland Bridge, built Aso Rock, National Assembly Complex, turned Abuja into our Federal capital territory.

http://www.newslinknaija.com/2018/03/politics-gowon-yakubu-blast-buhari-stop.html

There was corruption in Nigeria when Obasanjo brought Gsm, banking reform, police reform, civil defense, There was corruption in Nigeria when Jonathan introduced BVN and PVC, built 12 new federal universities, revamped railway lines, made Our economy fastest growing in Africa & third in the world.

http://www.newslinknaija.com/2018/03/politics-gowon-yakubu-blast-buhari-stop.html

If anyone tell you the reason Buhari is not working is because he inherited corruption, tell them great leaders don't blame people and events for their failures. They simply accept responsibility and move on. Ask them, what has Buhari done after all the fake promise of fixing power in 6wks, reducing pump price to #45 naira, making N1 equal to a $ 1, stopping Boko Haram etc. It's a shame.

The inferno truth is, corruption started from heaven when Satan violated a privilege given him. That never stop God's works.

He waited for God to create man and brought his lawlessness and corruption into the garden of eden.

God wasn't moved. He introduced a redemption plan. The Savior was born. Sadly, Judas Iscariot was there. 

Not discouraged yet, He gave us God the Holy Spirit.

If anyone tell you the reason Buhari is not working is because he inherited corruption, tell them corruption is rooted in the DNA of homo sapiens ( Latin: wise man ) because we are just mere mortal infected with a virus of good & evil.

Yet, great leaders don't blame people and events for their failures. They simply accept responsibility and move on.

#InecWillNotCountPrayerPointsButVotes. Please, strive and endeavor to collect your PVC.

2 Likes 1 Share

Re: Access Bank Records N381.3billion Income by Clemsworld(m): 7:36am On Mar 23, 2018
[b][/b]our Alawee
After FG force corpers to open new account with u

U charge corpers for;

account maintainance #1000
card maintainance #1600
ATM card charge #1000

monthly card maintainance #50 x12
Account statement print out #250

Plus other fraudulent charges

All these deductions , multiply by 150,000 corpers annually .

Tell me why them no go make profit.

One day I will sue them for all these frauds and demand for interest.

3 Likes 2 Shares

Re: Access Bank Records N381.3billion Income by agarawu23(m): 7:44am On Mar 23, 2018
Legally or illegally? Stealing 1#, 2# from customers account angry

1 Like

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