BUSINESS
Access Bank Depreciates By 1.17%, Loses N3.55bn Market Capitalization
Access Bank Plc’s share price has depreciated by 1.17% to close the week at N8.45 and the market capitalization lost N3.55 billion while the market cap stood at N300.35 billion.
The bank released its latest earnings report for the period ended September 2022, which revealed a profit of N48 billion.
NewsBeatng reports that this was a 31% increase compared to the profit report during the comparable period in 2021.
The financial report also showed that interest income rose by 34% from N154.941 billion to N115.543 billion in the current period.