BUSINESS

Share Price Of Access Bank Drops To N7.6 As Its Market Cap Loses N16bn

Access Bank Plc’s share price depreciated by 5.59% to close the week at N7.6 while its market capitalization lost N16.00 billion to stand at N270.14 billion.   

NewsBeatng reports that the bank released its H1 2022 financial result, which revealed a profit of N88.82 billion from the amount in H1 2021, reflecting a 2.21% increase.

The financial result revealed that interest income rose by 22.51% from N279.59 billion to N342.53 billion in the current period. 

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