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Access Bank declares 60k final dividend

04 April 2013, 12:14

Lagos  - Access Bank has proposed a final dividend of 60k per share to all its shareholders for the financial year ended Dec.31, 2012 to bring its total dividend to 85k against the 50k paid in 2011.

The News Agency of Nigeria (NAN) reports that this was contained in the bank's 2012 audited result released by the Nigerian Stock Exchange (NSE).

According to the result, the proposed dividend which stood at N13.73 billion, would be approved by the bank's shareholders at its Annual General Meeting on April 25.

The amount is against N8.94 billion paid in the preceding year.

NAN reports that the bank, had in 2012, paid an interim dividend of 25k per share to the shareholders.

The bank during the period under review declared gross earnings of N208.31 billion against the N135.64 billion recorded in the corresponding period in 2011, indicating an increase of 54 per cent.

Its profit before tax increased by 86 per cent to N44.88 billion against the N24.12 billion posted in the previous year.

The bank's profit grew by 150 per cent to N38.41 billion in contrast to the N15.38 billion announced in 2011.

Its total assets stood at N1.75 trillion compared with N1.63 trillion posted in the previous year.



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