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Access Bank releases 9-month financial results

… supports Art X Lagos Fair 4th Edition

After a successful completion of the second phase of its integration, bringing together all its core banking platforms onto a new and highly scalable world-class platform, Access Bank says one of the benefits of the integration is the simplicity of initiating and receiving bank transfers, as customers will no longer need to select between ‘Access’ or ‘Access (Diamond)’ when transacting. Customers should simply select ‘Access Bank’ for all transactions.

On the back of this, it has released its unaudited results for the nine months ended September

30, 2019. The results show a 71 percent increase in net interest income, with

the Bank declaring profit of N90.7billion in September 2019 compared to N62,911,088 declared in September 2018.

Herbert Wigwe, group managing director, Access Bank, said the growth witnessed this year was

evidence of the bank’s adaptability, adding that the financial institution remains committed to rewarding all shareholders for keeping faith with the bank.

“The Group delivered a robust performance in the first six months’ post-merger, despite a challenging and fast-changing macro and banking landscape. The results which

reflect the performance of the combined entity post-merger has outstripped those of the combined entities on a stand-alone basis. This further reinforces

the Bank’s sustainable business model and brand promise to deliver more to all stakeholders as we work to realise the envisioned synergies of the merger.

“Going into the last quarter of the year, our focus remains on consolidating our retail momentum and driving financial inclusion. Furthermore, we will remain

disciplined in our efforts to deliver enhanced shareholders’ value, with a focus on offering more than banking,” he stated.

Access Bank Plc.’s Earnings Per Share currently stands at 279 kobo, a 28 percent growth from the 218 Kobo in September 2018.

Meanwhile, the bank again supports the 4th edition of Art X Lagos, West Africa’s premier international art fair, scheduled to run from Friday, November 1 to Sunday, November 3, 2019. Art X Lagos through its partnership with Access Bank has evolved into the largest art, culture and lifestyle fair in West Africa. The fair, which will hold at the Federal Place Hotel, Victoria Island, Lagos promises to be an even bigger affair than previous editions.

Art X Lagos is designed to showcase the most innovative contemporary art from the African continent and Diaspora. In line with Access Bank’s philosophy to offer “More than Banking”, the Bank is a strong proponent of the Nigerian art scene, passionate about helping Africans tell the African story through creative and innovative ways. This years’ edition promises to celebrate some of Africa’s emerging, most exciting, underground mavericks.

Speaking on the partnership with Art X, The Group Head of Corporate Communications, Access Bank, Amaechi Okobi stated “Access Bank has been at the forefront of supporting Nigerian art and the creative industry for a long time. Art X Lagos is a unifier, bridging the gap between Nigeria, other African countries and the world.  It is our goal to ensure that creative works from Africa can sit side by side with their foreign contemporaries.

The highlight of the event, however, will be a solo presentation from the Access Bank Art X 2019 prize winner, Etinosa Yvonne who smiled home with the prize money of N1.5m and a three-month art residency next year at Gasworks, UK. She will be presenting her multi-media art project, alongside the other runners up. The three-day event will also be showcasing art from notable visual artists such as Dafe Oboro, Joy Matashi and live musical performances from WurlD, Lady Donli, and Buju.

Access Bank is one of Nigerian’s leading financial institutions that has continued to show its support to promote the vibrant creative spirit that abounds in Nigeria and Africa , through targeted sponsorship of events such as Art X Lagos, Born in Africa Festival(BAFEST), AFRIFF and many more. This is in line with the Bank’s five-year strategy of becoming Africa’s gateway to the world.

 

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