Access Holdings reported impressive mid-year financial results for June 30, 2024, marked by a pre-tax profit of N348.9 billion. This represents a 108% improvement from N167.6 billion recorded in the half-year 2023.
The group also made a net income of N281.3 billion in relation to taxation, an upsurge of 107.7% compared to N135.4 billion realized by June 2023. In H1 2023, this amount stood at N3.2 billion.
After a weak start to the year, total assets grew by 37% to N36.6 trillion, up from N26.7 trillion in January. Interest income soared to N1.29 trillion, a 116% increase. Net interest income rose 129% to N513.4 billion, while fee and commission income climbed 101% to N251 billion.
Moreover, Access Holdings recorded net foreign exchange gains of N253.9 billion, slightly higher than the N244.3 billion recorded in H1 2023.
