• Home
  • About Us
  • Contact Us
Friday, June 27, 2025
Star Lite News
  • Home
  • News
    • All
    • Business
    NYSC

    NYSC Sanctions Corps Member Raye Over Criticism of President Tinubu, Sparks Outrage

    Suspension

    Benue Governor Alia Suspends Chief Press Secretary Indefinitely

    EFCC

    EFCC Declares MD Of Fargo Oil Firm Wanted Over N976million Fraud

    EFCC-SunTrust SunTrust Bank Ltd.

    EFCC Arraigns Sun Trust Bank CEO, Executive Director, Halima Buba and Innocent Mbagwu Over ‘$12m Money Laundering’

    Olubunmi Tunji-Ojo-Public Holiday

    FG Declares Two Days Public Holiday For Sallah

    WAEC Candidate

    Tragedy in Ibadan: WAEC Candidate Killed by Stray Bullet During Police Chase

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

    Netflix

    Netflix Investments Give Life To Nollywood Projects

    BBNaija

    STREEZE become the third pair of housemates to be evicted from season 9 of the #BBNaija show

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
  • Home
  • News
    • All
    • Business
    NYSC

    NYSC Sanctions Corps Member Raye Over Criticism of President Tinubu, Sparks Outrage

    Suspension

    Benue Governor Alia Suspends Chief Press Secretary Indefinitely

    EFCC

    EFCC Declares MD Of Fargo Oil Firm Wanted Over N976million Fraud

    EFCC-SunTrust SunTrust Bank Ltd.

    EFCC Arraigns Sun Trust Bank CEO, Executive Director, Halima Buba and Innocent Mbagwu Over ‘$12m Money Laundering’

    Olubunmi Tunji-Ojo-Public Holiday

    FG Declares Two Days Public Holiday For Sallah

    WAEC Candidate

    Tragedy in Ibadan: WAEC Candidate Killed by Stray Bullet During Police Chase

    Trending Tags

    • Trump Inauguration
    • United Stated
    • White House
    • Market Stories
    • Election Results
  • Entertainment
    Mike Ejeagha

    ‘Gwogwogwo’ Music Legend Mike Ejeagha, Dies At 95 After Battling Prostate Cancer For 16 Years

    AMVCA

    AMVCA 2025 Awards: Full List Of Winners As Chioma Chukwuka, Femi Adebayo Win Best Actress, Actor

    Nathaniel Bassey

    Nigeria’s Gospel Music Maestro Nathaniel Bassey To Minister At Trump’s Inaugural Prayer Breakfast

    Doris Ogah

    Doris Ogah Becomes 45th Miss Nigeria

    Netflix

    Netflix Investments Give Life To Nollywood Projects

    BBNaija

    STREEZE become the third pair of housemates to be evicted from season 9 of the #BBNaija show

  • Lifestyle
    • All
    • Food
    GTCO Food and Drinks Festival

    Announcing The 2024 GTCO Food And Drink Festival: A Celebration Of Authentic Flavours

    MKH staff celebrate Chairman’s Mother as she clocks 66…

    Trending Tags

    • Golden Globes
    • Game of Thrones
    • MotoGP 2017
    • eSports
    • Fashion Week
  • Business
  • Politics
  • World
No Result
View All Result
Star Lite News
No Result
View All Result
Home Banking News

Access Holdings Announces N1.4trn Gross Earnings

starliteadmin by starliteadmin
April 21, 2023
in Banking News, Business
0
Access Bank
0
SHARES
0
VIEWS
Share on FacebookShare on WhatsAppShare on Twitter

Access Holdings Plc has announced gross earnings of N1.39 trillion for the 2022 financial year.

The company disclosed this in its Consolidated and Separate Financial Statement for the year ended Dec. 31, 2022 released on Thursday in Lagos.

The gross earnings represented an increase of 43 per cent when compared with N971.88 billion recorded in the corresponding period of 2021.

The company attributed the growth in gross earnings to the dividends of organic and inorganic activities across the ecosystem.

However, its profit before tax of stood at N167.68 billion, representing a 5.04 per cent year-on-year decline against N176.58 billion realised in 2021.

The Board of Directors is proposing a final dividend of N1.30 per share bringing the total dividend for the financial year 2022 to N1.50k.

The statement said that the company showed strong growth across revenue lines, despite the strong macroeconomic headwinds locally and internationally.

“We registered a record revenue of N1.4 trillion, a 43 per cent year-on year growth (FY’21:N971.9) as we begin to see the dividends of organic and inorganic activities across the ecosystem.
“Access Holdings Plc recorded a profit before tax of N167.7 billion, five per cent year-on year decline (FY’21: N176.6bn) following huge write downs from the Ghana sovereign debt crisis.
“Overall, Interest Income grew 37 per cent year-on-year to N827 billion, driven by a strong loan book growth despite the high inflationary environment.
“Net loans and advances to customers grew by 25 per cent across the banking group, with deliberate focus on credit disbursement to critical segments and growth sectors of the economy,
“We also saw a good growth across the subsidiaries, in particular the UK (up 36 per cent to N1.1 trillion in 2022),’’it said.

The statement also said that the company ended the year with over 58 million customers across the extensive network of subsidiaries and business verticals.

It added that the company assets base grew to N15.0 trillion and customer’s deposits to N9.25 trillion, with CASA mix up by five per cent, to 63 per cent as a result of leveraging innovation, digital technology and financial inclusion to mobilise sustainable low-cost deposits.

“In the second half of 2022, Access Holdings Plc completed the divestment from Pensions Custodian business and acquired significant shareholding in First Guarantee Pensions Ltd. and Sigma Pensions Ltd. to form Access Pensions Ltd.
“This combination resulted in the creation of the fourth largest PFA in Nigeria, with asset under management of N0.9trillion, putting us clearly in the league of strategic players in the Pensions industry,’’ it said.

The statement also said that the company’s payment business went live with the switching business in the third quarter of 2022, while the other areas of the business would become fully operational from second quarter of 2023.

“The overall business outlook for 2023 remains strong as we begin our new five year strategic journey which aims to make us one of the top five financial services organisation in Africa by 2027,’’ it said.

Tags: Access Holdings Announces N1.4trn Gross EarningsStarlitenews
Previous Post

Wema Bank Plc. Reports Gross Earnings of ₦131.1 billion, up 42.3% y-o-y, declares dividend of 30kobo per share

Next Post

Zenith Bank Loses N95.76 Billion To Lead Weekly Losers On NGX

starliteadmin

starliteadmin

Related Posts

Dangote

Dangote is the Pride of Nigeria’s Financial Market, Says NGX Group Chairman

by starliteadmin
June 26, 2025
0

The Group Chairman of Nigerian Exchange Group (NGX Group), Alhaji (Dr.) Umaru Kwairanga, has praised the President/Chief Executive, Dangote Group,...

Dangote Petroleum Refinery

Dangote Refinery’s Fuel Distribution Plan A Boost To CNG Initiative, Says Presidency

by starliteadmin
June 26, 2025
0

The Presidential Compressed Natural Gas Initiative (PCNGI) has welcomed the Dangote Refinery’s fuel distribution plan that will see it deploying...

Dangote Cement

Dangote Cement EBITDA Crosses N1 Trillion Mark as Shareholders Smile Home with N30 Dividend Per Share

by starliteadmin
June 25, 2025
0

For the first time since its inception, Dangote Cement Group’s earnings before interest, taxes, depreciation, and amortization (EBITDA) reached an...

Unity Bank Plc

World Environment Day: Stakeholders at Unity Bank Webinar Demand Urgent Action on Plastic Pollution

by starliteadmin
June 24, 2025
0

Environmental activists and climate change advocates seized the opportunity of a webinar hosted by Unity Bank to call for urgent...

Dangote Cement

Dangote Cement Ibese trains Host Community leaders for optimal performance

by starliteadmin
June 24, 2025
0

As part of its commitment to strengthening local content and community engagement, Dangote Cement Plc., Ibese Plant, has held its...

2024: Dangote pays N502.6 billion to Cement Shareholders as Dividends

2024: Dangote pays N502.6 billion to Cement Shareholders as Dividends

by starliteadmin
June 23, 2025
0

Shareholders of Dangote Cement on Monday were full of praise for the Board, Management, and staff of the company after...

Next Post
Zenith Bank

Zenith Bank Loses N95.76 Billion To Lead Weekly Losers On NGX

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Popular Posts

  • Tinubu and Timothy

    Prince Chukwudi Timothy Appeals For Dialogue Instead Of Nationwide Protest

    0 shares
    Share 0 Tweet 0
  • Peter Obi says victory of Christ the King College at World Affairs Challenge heartwarming

    0 shares
    Share 0 Tweet 0
  • Family reveals Ifeanyi Ubah’s burial date

    0 shares
    Share 0 Tweet 0
  • ACEACRES24: Akmodel MD Makes Presentations At The 2Days Event (Photos)

    0 shares
    Share 0 Tweet 0
  • Legends of Nollywood Financial Summit Is Here, Meet The Speakers: Apostle Anselm Madubuko, Mrs. Bukola Agbaminoja, Pst. Moji Bakare Asieru-sweet, Others

    0 shares
    Share 0 Tweet 0

Recent Posts

  • Dangote is the Pride of Nigeria’s Financial Market, Says NGX Group Chairman
  • Fidelity Bank hits N1trn market cap after share price increase
  • Dangote Refinery’s Fuel Distribution Plan A Boost To CNG Initiative, Says Presidency
  • Fidelity Bank Promotes 12% of Workforce and Increases Salaries by 20% across board
  • Fidelity Bank MD Not Part of the Woobs Case
Starlite news icon

Browse by Category

Archives

  • Home
  • About Us
  • Contact Us

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

No Result
View All Result
  • Contact Us
  • About Us
  • Business
  • Politics
  • World
  • Entertainment
  • Lifestyle

© 2022 | Crafted with ❤ by Claridan - Adsvance Digitals.

  • https://starlitenews.com.ng/2024/06/28/adeleke-dynasty-releases-list-of-heavyweights-who-stormed-davido-and-chiomas-chivido2024-wedding/
  • https://starlitenews.com.ng/2024/08/22/ngx-rates-fidelity-bank-highest-on-corporate-governance/
  • https://starlitenews.com.ng/2024/07/18/access-bank-joins-ngx-to-launch-impact-board/