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Access Bank FY 2020 Profits up 12.7% on Fee Income

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Bala Augie
Bala Augiehttps://moneycentral.com.ng
Bala is the Editor of MoneyCentral Media. Bala is a Fellow (FCA) of the Institute of Chartered Accountants in Nigeria (ICAN) and holds a Bsc in Accounting from the University of Abuja. Bala has over 12 years’ experience in the financial journalism landscape with specialization in the Insurance, markets and Finance sectors.
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Access Bank Plc the last major tier-one lender has released Full Year (FY) 2020 results showing a 12.7 percent increase in after-tax profit to N106 billion.

Gross revenues rose some 14.69 percent to N764.72 billion, largely due to higher fee income and net gains on financial instruments.

Details later…

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