Access Bank’s profit rises 31.19%, customer deposits near N6tn

Access Bank Plc has reported a profit before tax of N97.49 billion for the first half of this year, up 31.19 percent from N74.31 billion in the same period a year earlier.

The lender posted a profit after tax of N86.94 billion, compared to N61.03 billion in H1 2020, according to its unaudited financial statements released on Wednesday.

Its net interest income jumped to N200.07 billion from N126.21 billion, while its net fee and commission income rose to N58.73 billion from N40.59 billion.

Access Bank grew customer deposits to N5.97 trillion as of June 30, 2021 from N5.59 trillion at the end of December last year, while loans and advances to customers increased to N3.58 trillion from N3.22 trillion.