Access Bank (Ghana) (ACCESS) Q4 2024 earnings summary

Executive summary

• Net profit after tax for the year ended December 2024 was GHS 536.9 million, down from GHS 618.5 million in 2023.

• Total comprehensive income attributable to equity holders was GHS 354.98 million, compared to GHS 388.53 million in the prior year.

• The bank maintained a network of 51 branches and 5 agencies as of year-end.

Financial highlights

• Interest income rose to GHS 1.78 billion from GHS 1.28 billion year-over-year.

• Net interest income increased to GHS 842.1 million from GHS 597.8 million year-over-year.

• Net trading income grew to GHS 715.6 million from GHS 677.8 million year-over-year.

• Total operating income reached GHS 1.97 billion, up from GHS 1.61 billion year-over-year.

• Earnings per share (basic & diluted) was GHS 3.09, down from GHS 3.56 year-over-year.

Outlook and guidance

• Directors assessed the bank as a going concern, with no indication of business discontinuity.