Access Bank Posts N26bn Profit

Access Bank on has announced a profit before tax and N31.2 billion profit after tax of N26 billion. This shows an increase of 38 percent and 34 per cent respectively when compared with N22.6 billion and N19.4 billion achieved in the same period in 2016.

Mr Herbert Wigwe, the bank’s Group Managing Director, was quoted by the statement as saying that 2017 marked the end of its third five-year transformation journey.

Wigwe said that the bank would, in the coming months, focus on its strategic objective of improving profitability and continue to improve on profitability and shareholder value by maintaining its capital and liquidity positions.

Wigwe said that the company would implement cost management strategy and exploit retail business opportunities using its digital platforms to deepen market share of the wholesale business.