Finance
Access Bank posts N102.3 billion profit in nine months
By David Oladele
By David Oladele
Published
3 months agoon
By
techeconomyTecheconomy.ng obtained this from the latest financial statement sent to the Nigerian Stock Exchange on Thursday, November 19.
According to the statement, the Profit After Tax (PAT) figures showed a gain of +15.7% from the figures recorded in the corresponding period last year.
This medium understands that the bank recorded much-improved performance in income-earning components such as net fee and commission income, net gains on financial instruments and net foreign exchange gain accounted for the increase in profit on a Year-on-Year basis.
The increase in total assets Year-on-Year is attributable to the current and non-current assets components such as the gains in derivative financial assets, loans and advances to customers, and investment securities, amongst others.
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