ACCESS Bank Plc Monday announced a decline of eight (-8.0%) in its profit for the audited period end December 31, 2013.
To record the -8.0 percent decline in profit for 2013 audited year end, the bank recorded a profit after tax, PAT of N36.298 billion compared to N39.328 billion in 2012 end.
Similarly, profit before tax, PBT decreased from N46.535 billion in 2012 end to N44.996 billion in the 2013 audited year end; indicating a decrease of -3.0 percent.
However, gross earnings increased slightly by 0.1 percent in the review period as the bank posted N206.786 billion in 2013 end compared to N206.498 billion in the corresponding period of 2012.
The bank announced a 29.4 percent drop in dividend payout to investors of the bank as it has proposed a dividend of 35 kobo per share in its 2013 fourth quarter (Q4).
The lender had earlier paid an interim dividend of 25 kobo per share in its half year period added to the 35 kobo declared in the audited year end; making it a final dividend of 60 kobo in the review period.
To record the -29.45 drop in dividend, the bank had in its audited period of 2012 paid a final dividend of 85 kobo compared to the 60 kobo per share declared in the audited year end of 2012.
The bank said closure date of register of members is April 17, 2014; while annual general meeting, AGM and payment date has been scheduled for April 30, 2014 respectively.
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