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Access Bank Plc released its Q3:2015
results in which Revenue grew by 42% to N257Bn (Q3:2014, N181Bn), PBT rose
by 45% to N60bn from N42bn.
- PAT also appreciated by 38% to N48bn from
N35bn driven by strong growth in interest income by 18% to N155bn
(Q3:2014, N132bn) despite the unfavorable macro and regulatory environment.
- Currently trading at N4.96 and at a P.E of 2.26, we maintain our BUY rating with a price target of N8.00 representing an upside of 61.2%
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Wednesday, 21 October 2015
Access Bank’s PAT rose by 38% to N48Billion
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