Access Ho FX gains a 33% to N2 Q1 profit at N57.

ACCESS BANK HOLDINGS, NIGE RIA’S major banking group, is likely to still be relishing in the massive gains from its net foreign exchange trading result of N85.8 billion in the first three months of 2022.

The gain was the major driver of the group’s strong 33.1 percent year on year growth in gross earnings to N295.7 billion during Q1, 2022, up from N222.14 billion reporting for the same period last year.

Also, its revenue growth was also spurred by a solid 44.5 percent year on year jump in fee and commission income and a 228.1 percent year on year rise in net gain on fair value hedge, partially offset by a 25 percent drop in the interest income on financial assets at FVPL and a N44.6 billion loss on