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Access Bank’s H1 Profits Down 14%, Still Declares 25k Interim Dividend

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Top tier bank, Access said its pretax profit fell 14% over the first half of the financial year.

Gross earnings at N104 billion also slightly tanked 5%, against N109 made over the similar period in 2012.

Net income was N21 billion, down 20%.

Good news for its shareholders as the bank declared a 25 kobo dividend on every N1 ordinary share held.

Analysts say they expected the weakness in the results and expect the company will recover some momentum by year end.

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