Access Bank, Nigeria’s biggest lender by asset, has announced a 59 percent growth in mid-year 2019. This is the highest increase in at least five years.
Read More : Access Bank deepens financial inclusion efforts with agency banking
The tier-one lender is reaping early fruits of a merger with Diamond Bank that has seen its in mid-year profit rise to N63.025 billion compared to N39.63 billion in the comparable period last year.
“To summarise the result, those benefits associated with the merger are being crystalized faster than initially anticipated…Access Shares could gain more than 5 percent today,” said Gbolahan Ologunro analyst at Lagos-based CSL Stockbrokers Limited said.
In early trading the bank’s shares are up 2.33 percent on the Nigerian Stock Exchange.
Access Bank is proposing an interim dividend of 25 kobo per share.
Details shorty….
