2010 Access Bank Annual Report and Accounts
2010 Access Bank Annual Report and Accounts
2010 Access Bank Annual Report and Accounts
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<strong>Annual</strong> <strong>Report</strong><br />
Introduction & Business Chairman & Chief Operating Our People Corporate Social<br />
Contents Overview Executive’s Review Review & Culture Responsibility<br />
<strong>2010</strong> at a glance <strong>2010</strong> Performance highlights<br />
— The Group recorded<br />
profit before tax of N16.1<br />
billion in the financial<br />
year ended December 31,<br />
<strong>2010</strong>, representing a 564%<br />
increase over the previous<br />
year.<br />
— The strong return to<br />
profitability was led by<br />
Nigerian operations.<br />
— <strong>2010</strong> saw gross earnings<br />
from commercial banking<br />
more than double.<br />
— The Group Treasury<br />
business contributed<br />
strongly to bottom line<br />
profits.<br />
Gross earnings<br />
N91.1bn<br />
+7%<br />
Shareholders’ funds<br />
N175.3bn<br />
+4%<br />
Customer deposits<br />
N487bn<br />
+16%<br />
(2009: N84.98bn)<br />
(2009: N168.3bn)<br />
(2009: N439bn)<br />
Profit before tax<br />
N16.1bn<br />
+564%<br />
Profit after tax<br />
N11.1bn<br />
+351%<br />
Loans <strong>and</strong> advances<br />
N432.8bn<br />
+16%<br />
(2009: N3.48bn)<br />
(2009: N4.40bn)<br />
(2009: N388.0bn)<br />
Total assets<br />
N804.8bn<br />
+16%<br />
(2009: N693.8bn)<br />
Treasury bills<br />
N35.9bn<br />
+109%<br />
(2009: N17.2bn)<br />
Next<br />
<strong>Access</strong> <strong>Bank</strong> Plc<br />
<strong>Annual</strong> <strong>Report</strong> <strong>and</strong> <strong>Accounts</strong> <strong>2010</strong>
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