{"id":1841,"date":"2013-04-08T21:41:16","date_gmt":"2013-04-08T21:41:16","guid":{"rendered":"http:\/\/disnaija.com\/nigeria-news\/access-bank-releases-first-quarter-of-negatives\/"},"modified":"2013-04-08T21:41:16","modified_gmt":"2013-04-08T21:41:16","slug":"access-bank-releases-first-quarter-of-negatives","status":"publish","type":"post","link":"https:\/\/disnaija.com\/access-bank-releases-first-quarter-of-negatives\/","title":{"rendered":"Access Bank releases first quarter of negatives"},"content":{"rendered":"
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Nigeria’s Access Bank plc has published its unaudited first quarter result for this year, with nothing salutary, compared with last year’s performance.<\/p>\n

The bank that reported a gross earning N208 billion in 2012 and a PAT of N38.5 billion, has seen its first quarter earning slipping to N52.7 billion, from N53.05 billion recorded at same time last year.<\/p>\n

Gross interest income also fell 20 per cent to N33.9 billion from N42.6 billion.<\/p>\n

Profit for the period shrank 19 per cent to N9.9 billion, from N11.78 billion earned in the first quarter of last year.<\/p>\n

The bank’s cash assets declined by 12 per cent to N261 billion, from N296billion last year.<\/p>\n

The bank’s loan portfolio however increased from N608 billion to N623 billion, an increase of 2 per cent.<\/p>\n

The report was made available to the Nigeria Stock Exchange.<\/p>\n

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Source: PM News<\/p>\n

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