Access Holdings Grows Profit by 108% to N281bn

Access Holdings Grows Profit by 108% to N281bn

Access Holdings Plc grew its profit by about 108% year on year to N281.327 billion at the end of first half of 2024.

In a regulatory filing, the financial services holdings company saw a significant spike in interest related income, a development basically supported Nigeria’s policy rate hikes.

Its net interest income surged by 123.4% to N513.391 billion in 12 months from N224.239 billion in the comparable period in 2023.

In six months, Access Holdings Plc loan to customers grew by 35% to N10.385 trillion from N8.037 trillion. It also has about N1.439 trillion loan and advances to banks.

And its investment in debt securities inched higher significantly from the beginning of the year to date, up by 89% to N10.088 trillion from N5.342 trillion in December, 2023. #Access Holdings Grows Profit by 108% to N281bn

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