Access Bank increases earnings by N43.92bn, declares 40kobo/share dividend

Access Bank Plc earnings in its 2016 full year financial result have indicated an increase by N43.9bn.

The bank, in the result released to the Nigerian Stock Exchange in Lagos on Monday, noted that the group gross earnings of Access Bank increased from N337.404 billion reported in 2015 to N381.321 billion. This shows an increase of N43.917 billion or 13.02 per cent when compared with what that of 2015 financial year.

Also, the bank notified that it’s shareholder were to have a divided pay out of N11.571 billion if board of directors proposal approved by shareholders.

The board of directors proposed and paid an interim dividend of 25 kobo per ordinary share in half year 2015 amounted to N7.232 billion.

Meanwhile, the board of directors proposed a final dividend increase to 40 kobo as against 30 kobo of  2015.

Key highlights of the 2016 full year financial statement indicated that pre-tax profit of the lender appreciated 20 per cent to N90.3 billion from N75.4 billion recorded in the 2015 end.

Also, its post-tax profit in the review period climbed up 9.23 per cent to N90.3 billion from N75.0 billion posted a year ago.

Access Bank, however, announced that its register closure date has been scheduled for March 14, 2017, while payment and Annual General Meeting (AGM) date is March 29, 2017