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Net profit: Access Bank Ghana records an increase of 65%

07/08/2023
Source : ORISHAS FINANCE
Categories: Economy/Forex

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The financial results of Access Bank Ghana as of June 30, 2023 show that the bank's net income grew by 65%, or to 334 million Ghanaian Cedi (GHS) (approximately USD 30 million) at the end of the first half of 2023, compared to GHS 202 million (approximately USD 18 million) at the end of June 2022.

Acces Bank announced an improvement in its key indicators in the first six months of the year. Net interest income increased slightly by 3.5%, from GHS 262.95 million (approximately USD 24 million) at the end of June 2023, to GHS 272.35 million (approximately USD 25 million) at the end of June 2022. For its part, diluted earnings per share from continuing operations were GHS 1.92 against GHS 1.16 million. In the first half of 2023, total assets increased by 11%, or GHS 10 billion (approximately USD 910.5 million), compared to GHS 9 billion (approximately USD 819.5 million

) in the first half of 2023.
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