Access Holdings Plc (ACCESSCORP),recorded a 31.31% YoY growth in gross earnings to NGN591.69bn in H1:2022. The company’s topline growth was driven by interest and non-interest income. Expansion in Interest income is attributed to increase (35.45% YoY) in interest on loan and advances even as interest on investment securities declined by 8.20% YoY. Non-interest income grew by 67.62% YoY to NGN219.38bn, aided by gains in income from trading and derivatives related activities (+214.97% YoY to NGN128.25bn) after recording losses in H1:2021.
