Access Bank Reports 12.7% Rise in Profit After Tax to ₦106Bn, Proposes 55K Dividend

By
Esan Bolaji
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VIDEO: Aggrieved Customer Strips Naked In Access Bank, Demands Funds
Access Bank Plc. within the past nine months has hit the highest gross earnings of N693.1bn while Wema had the lowest gross earning of N63.08bn.

Access Bank Plc released its 2020 Audited results for the period ended December 31st, 2020.

  • Gross Earnings grew by 14.7% to N765bn from N667bn in the previous quarter.
  • Profit before tax grew by 12.5% to N126bn.
  • Profit after tax grew by 12.7% to N106bn.
  • Net Assets grew by 23.8% from N607bn to N751bn.

Proposed dividend

The Board of Director has recommended a Final Dividend of 55 Kobo (FY2019: 40Kobo) per ordinary share of 50 kobo for the year payable to shareholders on the register of shareholding at the closure date. Withholding Tax will be deducted at the time of payment.