Access Bank set to Pay Shareholders Dividends after Reporting N106Bn Profit in FY 2020

Nigeria’s largest bank by asset size, Access Bank plc, issued two corporate disclosures earlier today –its audited full-year 2020 financial statement and a dividend information.

According to the audited financial statement which was seen by Business Elites Africa, Access Bank’s gross earnings for the period under review stood at N764.7 billion. This indicates a 14.69% increase when compared to N666.7 billion which the bank reported during the comparable period in 2019.

Meanwhile, the bank’s Profit after Tax for FY 2020 grew by 12.7% to N106 billion, up from N94 billion during the preceding period ended December 2019.

For more details about Access Bank’s financial performance for full-year ended December 2020, download the audited financial statement by clicking here.

Moving on now to the second corporate disclosure, Access Bank said its Board of Directors proposed to pay a final dividend of 55 kobo per share to the shareholders. This brings the total dividend payouts by the tier-1 bank for FY 2020 to 80 kobo per share. Note that the dividend will be paid to only shareholders whose names appear on the register of members as at April 15th, 2021.

“On Friday, April 30, 2021 dividends will be paid electronically to shareholders whose names appear on the Register of Members as at Thursday, April 15, 2021 and who have completed the e-dividend registration and mandated the Registrar to pay their dividends directly into their bank accounts,” part of the statement by Access Bank said.

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