Access Bank Shareholders Approve payment of Dividend

    The shareholders of Access bank plc on Wednesday at the bank’s annual general meeting (AGM) approved the payment of a final dividend of 30 kobo per share in  addition to the interim dividend of 25 kobo,  which was paid in September 2015.The bank’s profit rose from N52 billion in 2014 to N75 billion in 2015.

   
    Addressing shareholders at the meeting, Chairman of the bank, Mrs.  Mosun Belo-Olusoga, said that the group posted another year of strong earnings in 2015, as revenues grew by 38 per cent to N337 billion in 2015,  from N245 billion in 2014. Profit also rose to N75 billion in 2015 from N52 billion in 2014.

The Group MD/ CEO, Herbert Wigwe,  explained that management has made significant strides in delivering on the bank’s growth objectives..

“As we remain cautious in growing our existing business across geographies, we will place greater emphasis on expanding our retail business, improving cost discipline, proactively managing risk and strictly adhering to policies guiding our business,” he said.