• Privacy Policy
  • Terms
  • About us
  • Contact Us
  • Staff Email
Saturday, June 28, 2025
  • Login
TheMattersPress
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us
No Result
View All Result
TheMattersPress
No Result
View All Result
Home Economy/Technology

Access Holdings makes N1.4trn gross earnings, proposes N1.30 dividend

Access

The Matters Press by The Matters Press
April 21, 2023
Reading Time: 2 mins read
0
Access Bank eyes top 5 positions in Africa

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

RELATED POSTS

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

N1.5trn recapitalisation of Agric bank will herald food security – TMV

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

The company said 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 percent 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
ShareTweetPin
The Matters Press

The Matters Press

Related Posts

$2.5 billion JBS investment, a big economic victory for Nigeria –  TDF
Economy/Technology

Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group

June 27, 2025
ActionAid, SWOFON call for urgent completion of BOA recapitalisation
Agriculture

N1.5trn recapitalisation of Agric bank will herald food security – TMV

June 26, 2025
Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF
Energy

Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

June 25, 2025
Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope
News

Tinubu’s Visit to Benue, Mark of True Leadership, Renewed Hope

June 25, 2025
79 candidates for presidential election
News

Tinubu’s new INEC building: A consolidation of democratic institutions, legacy in Nigeria – TDF

June 23, 2025
Gombe: Troops take over to enforce peace
News

Nigerian Army kills 6,260 terrorists, rescues 5,365 civilians in 2 years

June 20, 2025
Next Post
Global trade’ll grow to $30tn by 2030

Nigeria commits to trade promotion with China

EFCC hits BDCs to save the Naira

EFCC records high financial crime convictions

Recommended Stories

Infrastructure gulp N2,7tn in Nigeria

FG to award Lagos-Calabar coastal highway to Hitech

September 24, 2023
Firms bid for Ajaokuta steel

Nigeria will break Ajaokuta Steel jinx, as adviser named towards concession of firm

November 1, 2022
Nigeria to rebase CPI, GDP

11 African countries’ with GDP 6% or more— report

January 20, 2023

Popular Stories

  • Rising prices of goods cause protests in Morocco

    Rising prices of goods cause protests in Morocco

    0 shares
    Share 0 Tweet 0
  • NLNG not responsible for gas supply shortfall, price hike

    0 shares
    Share 0 Tweet 0
  • NCC sets fresh operational fees, spectrum prices for telecom operators

    0 shares
    Share 0 Tweet 0
  • Hoarding causes hike in prices of grains

    0 shares
    Share 0 Tweet 0
  • Prices of Petrol, diesel increase in November

    0 shares
    Share 0 Tweet 0
TheMattersPress

We bring you the best news update in Nigeria

LEARN MORE »

Recent Posts

  • Tinubu’s N60b Intervention in Gombe Agro-Livestock Zone excites group
  • N1.5trn recapitalisation of Agric bank will herald food security – TMV
  • Lamido Wrong on Tinubu’s June 12 Role, haunted by his anti-democratic past- TDF

Categories

  • Agriculture
  • Economy/Technology
  • Energy
  • Entertainment/sports
  • Features
  • Foreign
  • Multimedia
  • Natural Resources
  • News
  • Oil and Gas
  • Photo
  • Politics
  • Security
  • Thematterspress
  • Uncategorized
  • Video

© 2025 Domo Tech World - Powered by Thematterspress.

No Result
View All Result
  • Home
  • News
  • Features
  • Thematterspress
  • Multimedia
    • Audio
    • Photo
    • Video
  • About us
  • Contact Us

© 2025 Domo Tech World - Powered by Thematterspress.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
Call Us