Investment has become a very important aspect of life and everyone, both young and old, is learning to embrace it.
The group did not declare an interim dividend, following an earlier advice from the SA Reserve Bank that encouraged banks to ensure that capital conservation took priority over any distributions of dividends on ordinary shares.
Access Bank PLC has announced the signing of a Subordinated Syndicated Loan Agreement totalling $93.8 million with the Dutch development bank (FMO), the French private sector development bank (Proparco) and leading investment firm, Symbiotics.
This performance was driven by robust growth in key business lines, especially in fixed income trading, corporate banking and asset management.
Advisory fees earned from completed mergers and acquisitions (M&A) transactions generated US$33.5 million, down 38% year-on-year, while syndicated lending fees declined 47% to US$35.7 million.