Access Bank's Profit Plunges 23% Despite ₦2.5 Trillion Earnings

Access Bank (NGX: ACCESSCORP)'s financial performance in the first half of 2025 showed a 23% decline in profit after tax (PAT) compared to the same period last year, despite boasting earnings of ₦2.5 trillion. The bank's profit before tax (PBT) also dropped by 8.1%, signaling weaker profitability.

Analysts attribute the revenue growth to inflationary effects and higher interest rates rather than genuine operational growth. The decline in return on average equity (ROAE) by 11.4% further highlights the challenges Access Bank faces in sustaining profit growth amidst rising costs and market headwinds.

The bank's aggressive expansion strategy may be eroding investor confidence.