Access Bank’s profit rises, customer deposits hit N5.59trn

Access Bank Plc, Nigeria’s biggest lender, has said its profit after tax for the 2020 financial year grew by 12.70 percent to N106.01 billion, compared to the previous year.

The bank said its profit before tax rose to N125.92 billion last year from N111.93 billion in 2019.

Loans and deposits to customers increased to N3.22 trillion from N2.91 trillion while deposits from customers surged to N5.59 trillion from N4.26 trillion, according to its audited financial statements released on Wednesday.

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