MON, APRIL. 24 2023-theGBJournal |Access Holdings Plc published its audited financial statements for the year ended 31st December 2022 on the last trading day of the week last week, reporting strong growth across all revenue lines with a record 43 percent increase in revenue from N971 billion in 2021 to N1.4 trillion in 2022.
Access Holdings’ revenue growth was boosted by significant growth in interest income which rose by 37 per cent to N827 billion as net loans and advances to customers grew by 25 per cent.
The board of directors has recommended a final dividend of N1.50 per ordinary share of 50kobo, translating to a total of N46.21 billion for the year 2022.
However, Profit Before Tax tumbled 5 per cent to N167.7 billion, from N176.6 billion in 2021 largely due to huge write-downs from the Ghana sovereign debt impairment provisioning.
On the back of that, asset base grow by 28 per cent to N15.0 trillion while customer deposits rose 33 per cent to N9.25 trillion, with over 58 million customers across the extensive network of subsidiaries and business verticals.
The bank also reported a 36% growth from its UK subsidiary to N1.1 trillion in 2022.
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