Earnings Report /
Nigeria

Access Bank: Q3 21 profits decline on weaker operating efficiency

  • Access Bank recorded a profit decline of 10%, with lower net interest income and higher costs being the major drivers

  • The group's pan-African expansion remains intact, with recent acquisitions in Zambia and Botswana

  • We reiterate our Buy on its retail and agency banking drive, and increased contribution from other African subsidiaries

Busola Jeje
Busola Jeje

Research Analyst

Tellimer Research
31 October 2021
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