Access Bank declares 70k dividend for shareholders

ACCESS Bank Plc has boosted the morale of its shareholders by declaring a dividend of 70 kobo per share from its operations for the year ended March 31, 2009. The News Agency of Nigeria (NAN) reports that from the results submitted by the bank to the Nigeria Stock Exchange (NSE), its profit after tax rose substantially to N20.814 billion in 2009. This is against N15.853 billion achieved during the same period of 2008. The bank`s profit before taxation also appreciated to N28.1 billion, compared with N19 billion achieved in the preceding year. The bank`s gross earnings also grew to N109.43 billion, as against N57.99 billion recorded in 2008. A further breakdown of the bank`s financial activities showed that its loans and advances within 12 months increased to N391.7 billion or 60 per cent, from N244.6 billion in March 2008.

July 2, 2009.