Access Bank (Ghana) Plc has recorded an impressive growth performance across key indicators of its operations for the year ended 31st December 2021. This was revealed during the Bank’s 14th Annual General Meeting (AGM), held at its head office, and streamed virtually to shareholders via a dedicated link.
Delivering his address, Mr. Frank Beecham, Board Chairman of Access Bank noted that the sound financial measures adopted across all operational sectors of the Bank resulted in the results achieved and commended all stakeholders for their efforts in this feat.
“I am proud to announce that, despite the effects of COVID -19 on global economies, your Bank grew stronger and more resilient, applying lessons learned and best practices in the sector.” Mr. Beecham explained that the Bank recorded significant growth in total operating income as well as its total assets. “Total operating income and profit after tax recorded significant growth; Whereas total operating income grew from GH¢567,042,000 in 2020 to GH¢727,607,000 in 2021, net income grew from GH¢ 240,792,000 to GH¢ 321,574,000 recording a 28.3% and 33.5% growth, respectively.
“Your Bank continues to be efficient with a Pre-tax Return on Investment (ROE) & Return on Asset (ROA) at 37% and 8% respectively, placing it among the top banks in Ghana”.
Mr. Beecham also announced the payment of dividends for the first time since going public in 2016. “Your Bank delivered an excellent all-round performance in the past year and in line with the Bank’s Dividend Policy, the Board is pleased to propose a dividend of GH¢0.7927 per share”, Mr Beecham said.
He noted the Bank will continue to consolidate the giant gains made, continue to focus on upscaling staff with relevant skills to help them work efficiently and assured members of the Board’s commitment to sound financial decisions.
Source Citinewsroom
