Access Bank notifies NSE of late filing of H1 results

The management of Access Bank Plc has notified the Nigerian Stock Exchange (NSE) of late filling of half year results for period ended June 30, 2016.

The lender in a statement signed by it Company Secretary, Sunday Ekwochi and Chief Finance Officer, Seyi Kumapayi, said board of directors will be meeting on July 28 to approve Bank’s half year audited financial statements.

The bank, however, seeks for extension of time to submit Bank’s half year audited financial statements not later than August 31, 2016.

Access Bank had announced that its unaudited results for the period ended March 31, 2016, showing 42per cent increase in Profit after tax.

The unaudited first quarter 2016 financial results showed that the Bank recorded Profit after tax moved from N13.7 billion in Q1 2015 to ₦19.4bn in Q1 2016

Profit before tax for the period rose to ₦22.6billion, representing a 37per cent growth when compared to ₦16.5billion in Q1 2015.

Also from the profit and loss figures, gross earnings of ₦80.3billion in Q1 2016, up five per cent from ₦76.8billion in Q1 2015, with interest income and non-interest income contributing 69 per cent and 31per cent, respectively.