Nigeria’s Access Bank said on Wednesday its half-year pretax profit fell to 26.1 billion naira, down 14 percent from the same period a year ago.
Gross earnings also declined 5 percent to 104.1 billion naira during the six months to June 30, the top tier bank said in a filing through the Nigeria Stock Exchange.
The lender proposed an interim dividend of 0.25 naira per share.
It would be recalled that the Nigerian Deposit Insurance Corporation (NDIC) had on Tuesday, in its 2012 annual report said only 10 Nigerian banks are sound.
a statement by NDIC revealed that the number of reported fraud cases increased by 43.7 per cent, from 2,352 in 2011 to 3,380.
According to the report, of the 10 banks rated sound, nine are satisfactory, while one bank was rated marginal, adding that the industry could be considered to be relatively stable in 2012 as there was no unsound bank in the industry as at the end of the year.
It said it collaborated with the Central Bank of Nigeria (CBN) to conduct a risk-based examination of the financial institutions.
“The NDIC, in collaboration with the Central Bank of Nigeria, CBN, conducted Risk-Based Examination of 16 Deposit Money Banks (DMBs) during the year. The NDIC led the examination of six of the banks, while the CBN led in 10.
“Furthermore, the two institutions conducted a maiden examination of the three banks acquired by Assets Management Corporation of Nigeria, AMCON, namely: Keystone Bank, Mainstreet Bank and Enterprise Bank during the year. While the CBN led the examination of Mainstreet Bank and Enterprise Bank, NDIC led the examination of Keystone Bank,” the report said.