Access Bank Is Delaying Its Half Year Result


Access bank PLC has just notified the Nigerian Stock Exchange that it will be delaying the release of its half year 2016 financial result.

While the bank did not provide any reason for the delay in the releasing the result, Access Bank said
“…our Board of Directors will be meeting on July 28, 2016 to approve the banks; half year audited financial result after which it will be submitted to the Central Bank of Nigeria for approval

The bank pledged to release the result “not later than August 31, 2016”.

In its Q1 2016 earnings report, the company posted a gross income of NGN52 billion compared to NGN46 billion it recorded in the same quarter last year. This was a growth of approximately 20%.

Its half year result would show how the bank has sustained its growth story in the midst of a challenging business climates for banks.


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