Access Holdings Plc, a banking institution, increased its gross earnings by 42.30 percent to N1.4 trillion in the fiscal year 2022, up from N971.88 billion the previous year.
This was revealed in the company’s Consolidated and Separate Financial Statements for the fiscal year ending December 31, 2022, which were released on Thursday.
According to the bank, the increase in its gross earnings reflects the benefits of organic and inorganic activity across the ecosystem.
However, Access Holdings Plc. reported a profit before tax of N167.68 billion, a 5.04 percent decrease from the N176.58 billion realised in 2021.
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Its profit for the year dropped to N152.20bn from N160.21bn recorded in the previous reporting year. However, its Total Comprehensive income for the year rose to N233.23bn in 2022 from N125.51bn in 2021 representing an 85.82 per cent appreciation.
According to the bank, net interest income rose by 19.32 per cent to N359.63 billion from N301.41 billion in 2021. Its Other Operating Expenses grew by 46.98 per cent to N341.32 bn from N232.21 bn in 2021.
In value to its shareholders, the Board of Directors proposed a final dividend of N1.30k per ordinary share of 50 Kobo each bringing the total dividend for the financial year 2022 to N1.50k subject to withholding tax as well as the approval of shareholders.
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