Access Holdings expands loans by 60% to N8.9tr

In the year under review, the Group Loans & Advances expanded by 60.5 per cent year-on-year to N8.9 trillion, accompanied by an improvement in the Non-Performing Loan Ratio, which decreased to 2.8 per cent from 3.2 per cent in 2022.

The Group closed the year with N2.18 trillion in Shareholders’ Funds, marking a significant 77.5 per cent growth from N1.23 trillion in the 2022 financial year. It also recorded a robust growth in its Profits Before Tax, posting a healthy N729 billion, representing 335 per cent year-on-year increase from 2022.Access Holdings’ Gross Earnings also surged by 87 per cent YoY to N2.59 trillion, up from N1.38 trillion in 2022.

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