Access Holdings announces biggest 9-month profit in history as naira depreciation adds over N314bn

Access Holdings Plc, the parent company of Access Bank, has reported a massive profit of N250.4 billion in the first nine months of 2023 (January to September).

This represents 82.9% increase compared to the N136.91 billion the financial company recorded in the same period in 2022.

In its history, Access Holdings has never recorded a nine-month profit above N200 billion.

Breakdown of Access Bank financial results 2023

According to the financial statements released on the Nigerian exchange, the company recorded a revenue of N1.59 trillion from January to September 2023.