Connect with us

News

Access Bank rakes in N29.9 billion from E-Business Income

Published

on

 

Nigeria’s largest bank (by customer base and total assets) raked in a whopping N29.9 billion from its Channels and E-Business Income in 2020 representing a 37% growth from the same period in 2019. The bank reported a then-record N21.8 billion from its E-Business Income.

The bank’s E-business Income now contributes about 40.5% of Fees and Commission Income compared to 42% same period last year. The bank’s Fees and Commission Income were N73.7 billion in June 2021 compared to June 2020.

Nigerian banks raked in about N216 billion in E-Business Income in 2020 with Access Bank topping the chart with about N56.09 billion up from N36 billion in 2019. The bank is thus growing slower than it did in 2020, however, the numbers are staggering. In fact, it’s still early days as its channels and e-business income earnings was just N13.9 billion same period in 2020.

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Trending