Access Bank has disclosed that its United Kingdom subsidiary has grown its profit before tax by 138 per cent to £5million for the 2014 financial year.
The lender said its operating income also rose by 37 per cent from £10.9million in 2013 to £15million in 2014. Assets under management for 2014 were £34million , which is a year on year rise of 12.2 per cent, while total private bank customer funds were £46million, a rise of 16 per cent on the previous year. Its net interest income grew by 94 per cent to £6.4million.
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