Access Bank explains late filing of half year result

The management of the Access Bank Plc has notified the Nigerian Stock Exchange (NSE) of late filing of half-year result for period ended June 30, 2016.

A statement issued by the company’s secretary, Sunday Ekwochi, and chief finance officer, Seyi Kumapayi, said that the bank’s directors would meet on July 28 to approve bank’s half-year audited financial statement.

The statement said that the sought for extension of time to submit its half-year audited financial statement on or before August 31, 2016.

It would recalled that the Access Bank announced its unaudited results for the period ended March 31, 2016, showing 42 per cent increase in profit after tax.

The result showed a gross earnings of N80.3bn in Q1 2016, up five per cent from N76.8bn in Q1 2015, with interest income and non-interest income contributing 69 per cent and 31per cent, respectively.