Access Holdings Posts Higher Profit as Interest Income Doubles

Access Holdings Plc, the parent company of Access Bank Plc, reported a profit before tax of N126.82 billion for the third quarter of this year, up from N49.50 billion in the same period in 2022. 

The holding company saw its net interest income – the difference between what it makes on loans and what it pays out on deposits – doubled to N165.72 billion. 

Its loans and advances to customers increased to N6.70 trillion as of September from N5.10 trillion at the end of last year, while deposits surged to N12.75 trillion from N9.25 trillion.