Access Holdings reported profit after tax of NGN 182.75 billion for the first quarter of 2025, a rise of 14.7 per cent on the same period a year earlier. Profit before tax reached NGN 222.78 billion, up 9.9 per cent year-on-year.
Net interest income fell to NGN 220.2 billion from NGN 275.7 billion a year earlier.
FEE INCOME AND EARNINGS PER SHARE
Net fees and commission income grew 68.4 per cent year-on-year to NGN 146.2 billion.
Earnings per share rose to NGN 4.88, up from NGN 4.35 in the first quarter of 2024.
Total assets stood at NGN 39.09 trillion at the end of March, down from NGN 41.50 trillion at end-2024.
RECAPITALISATION
Proceeds from a rights issue are being directed towards meeting the Central Bank of Nigeria's recapitalisation requirements, which have set higher minimum capital thresholds for commercial banks operating at the national and international licence levels.