Earnings Report /

Access Bank: Q1 21 results show solid core revenues, reiterate Buy

  • Q1 21 profit increase 28% yoy, above our expectations. Profitability also improved, with ROE up 0.8ppt to 27.2%

  • Pan-African expansion plans remain in motion, with the latest market of interest being Botswana

  • We maintain our Buy rating with a TP of NGN12.0 and 55% ETR

Busola Jeje
Busola Jeje

Research Analyst

Tellimer Research
9 May 2021
Published byTellimer Research


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