WorldStage Newsonline– Access Bank Plc, one of Nigeria’s leading banks has released its unaudited consolidated and separate financial statements for the period ended 30 September 2020 with 15.68% growth in group profit for the period to N102.300 billion from N88.438 billion in nine months 2019.
The profit growth is coming despite a drop in net interest income to N196.274 billion from N210.218 billion and 222.70% spike in net impairment charge at N34.240 billion from N10.611 billion in 2019.
However, for the three months ended September 30 (Q3) net interest income rose to N70.066 billion from N55.072 billion, net impairment charge rose to N17.775 billion from N5.731 billion while profit for the period rose by 55.35% to N41.266 billion from N26.564 billion in Q3 2019.
