April 26, 2018 9:26 PM ET

Banks

Company Overview of Access Bank (Ghana) Plc

Company Overview

Access Bank (Ghana) Plc provides various banking products and services. The company operates through four segments: Institutional Banking, Commercial Banking, Personal and Business Banking, and Treasury. It offers current and savings accounts; vehicle and personal loans; private and women banking services; and mobile and Internet banking, automated teller machine, funds transfer, and cardless withdrawal services, as well as debit and credit cards. The company also provides relationship management services to corporate clients; corporate and structured financial services to banks, insurance companies, and investment and asset management firms; and investment and advisory services. In addition...

Starlets’ 91 Road

Opposite Accra Sports Stadium

Osu

PO Box GP 353

Accra,  

Ghana

Founded in 2008

525 Employees

Phone:

233 302 661769

Fax:

233 302 666036

Key Executives for Access Bank (Ghana) Plc

Access Bank (Ghana) Plc does not have any Key Executives recorded.

Access Bank (Ghana) Plc Key Developments

Access Bank (Ghana) Plc Reports Earnings Results for the Group and Bank for the Year Ended December 31, 2017

Access Bank (Ghana) Plc reported earnings results for the group and bank for the year ended December 31, 2017. For the year, the group reported interest income of GHS 411.1 million compared to GHS 414.1 million, net interest income of GHS 215.1 million compared to GHS 198.9 million, total operating income of GHS 270.4 million compared to GHS 272.6 million, profit before tax of GHS 58.6 million compared to GHS 69.1 million and profit attributable to the company of GHS 40.2 million or GHS 25 per basic and diluted share compared to GHS 43.1 million or GHS 38 per basic and diluted share for the last year. Net cash generated from operating activities was GHS 124.8 million compared to GHS 185.6 million, purchase of property and equipment was GHS 25.6 million compared to GHS 32.7 million and purchase of intangible assets was GHS 1.6 million compared to GHS 2.8 million for the last year. For the year, the company reported interest income of GHS 411.1 million compared to GHS 414.1 million, net interest income of GHS 215.1 million compared to GHS 198.9 million, total operating income of GHS 270.34 million compared to GHS 272.6 million, profit before tax of GHS 58.6 million compared to GHS 69.05 million and profit after tax of GHS 29.6 million or GHS 25 per basic and diluted share compared to GHS 41.9 million or GHS 38 per basic and diluted share for the last year. Net cash generated from operating activities was GHS 124.8 million compared to GHS 185.6 million, purchase of property and equipment was GHS 25.6 million compared to GHS 32.7 million and purchase of intangible assets was GHS 1.6 million compared to GHS 2.8 million for the last year.

Access Bank Ghana plc Announces Unaudited Group and Bank Earnings Results for the Half Year Ended June 30, 2017

Access Bank Ghana Plc announced unaudited group and bank earnings results for the half year ended June 30, 2017. For the period, on group basis, net interest income was GHS 88,331,000 compared to GHS 102,425,000 a year ago. Total operating income was GHS 119,978,000 compared to GHS 137,752,000 a year ago. Profit before income tax was GHS 40,264,000 compared to GHS 40,806,000 a year ago. Profit after tax was GHS 28,184,000 compared to GHS 26,405,000 a year ago. Earnings per basic and diluted share was GHS 0.24 compared to GHS 0.24 a year ago. Net cash inflow from operating activities was GHS 159,031,000 compared to net cash outflow from operating activities of GHS 111,013,000 a year ago. Acquisition of property and equipment was GHS 17,876,000 compared to GHS 22,203,000 a year ago. Acquisition of intangible assets was GHS 359,000 compared to GHS 667,000 a year ago. For the period, on bank basis, net interest income was GHS 88,331,000 compared to GHS 102,425,000 a year ago. Total operating income was GHS 119,967,000 compared to GHS 137,728,000 a year ago. Profit before income tax was GHS 40,262,000 compared to GHS 40,806,000 a year ago. Profit after tax was GHS 28,184,000 compared to GHS 26,405,000 a year ago. Earnings per basic and diluted share was GHS 0.24 compared to GHS 0.24 a year ago. Net cash inflow from operating activities was GHS 159,031,000 compared to net cash outflow from operating activities of GHS 111,013,000 a year ago. Acquisition of property and equipment was GHS 17,876,000 compared to GHS 22,203,000 a year ago. Acquisition of intangible assets was GHS 359,000 compared to GHS 667,000 a year ago.

Access Bank Ghana Reports Earnings Results for 2016

Access Bank Ghana reported earnings results for 2016. The company reported a profit of GHS 41.93 million, which is a 48% drop compared to profits of GHS 80.41 million made in 2015. In 2016, the company total income amounted to GHS 272.62 million. The bank's income from interests went up by 12.35%, but its income from commissions and fees dropped.

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