Access Bank - Stanbic IBTC Stockbrokers

Dec 31, 2017 - Loans and advances to banks and customers ..... 16 is 1 January 2019, with an allowance for early adoption, provided the entity applies IFRS 15 Revenue ...... A 2% provision is taken on all risk assets that are not specifically.
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Access Bank Plc Unaudited Consolidated and separate financial statements for the period ended 30 September 2017

Access Bank Plc Consolidated financial statements For the period ended 30 September 2017

Directors, officers and professional advisors This is the list of Directors who served in the entity during the period and up to the date of this report Directors Mosun Belo-Olusoga

Chairman/Non-Executive Director

Herbert Onyewumbu Wigwe

GMD/Executive Director

Obinna David Nwosu*

GDMD/Executive Director

Roosevelt Michael Ogbonna**

GDMD/Executive Director

Ernest Chukwuka Ndukwe

Independent Non-Executive Director

Anthonia Olufeyikemi Ogunmefun

Non-Executive Director

Paul Usoro, SAN

Non-Executive Director

Emmanuel Chiejina******

Non-Executive Director

Abba Mamman Tor Habib

Non-Executive Director

Ajoritsedere Josephine Awosika

Independent Non-Executive Director

Mr. Adeniyi Adekoya****

Independent Non-Executive Director

Iboroma Akpana*****

Independent Non-Executive Director

Victor Okenyenbunor Etuokwu

Executive Director

Ojinika Nkechinyelu Olaghere

Executive Director

Titi Osuntoki

Executive Director

Gregory Jobome***

Executive Director

* Resigned effective April 30, 2017 ** Appointed GDMD effective April 18, 2017 *** Appointed effective January 17, 2017 **** Appointed effective March 7, 2017 ***** Appointed effective March 8, 2017 ****** Retired effective June 23, 2017

Company Secretary Mr Sunday Ekwochi Corporate Head Office Access Bank Plc Plot 999c, Danmole Street, Victoria Island, Lagos. Telephone: +234 (01) 4619264 - 9 +234 (01) 2773399-99 Email: [email protected] Website: www.accessbankplc.com Company Registration Number: RC125 384 FRC Number: FRC/2012/0000000000271 Independent Auditors PricewaterhouseCoopers Landmark Towers, 5b Water Corporation way, Oniru Victoria Island, Lagos Telephone: (01) 271 1700 Website: www.pwc.com Actuaries Alexander Forbes Consulting Actuaries Nig. Ltd Rio Plaza, 2nd Floor , Plot 235, Muri Okunola Street Victoria Island, Lagos Telephone: (01) 271 1081 FRC Number: FRC/2012/0000000000504 Registrars United Securities Limited 10 Amodu Ojikutu Street Victoria Island, Lagos Telephone: +234 01 730898 +234 01 730891

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Access Bank Plc Consolidated financial statements For the period ended 30 September 2017

Consolidated statement of comprehensive income In thousands of Naira Notes

Group September 2017

*Restated Group September 2016

Bank September 2017

*Restated Bank September 2016

Interest income Interest expense

8 8

245,873,036 (124,400,338)

181,210,761 (74,837,032)

212,028,053 (111,511,415)

154,008,558 (63,964,906)

Net interest income Net impairment charge Net interest income after impairment charges

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121,472,699 (12,823,501) 108,649,198

106,373,729 (12,336,132) 94,037,597

100,516,638 (11,479,346) 89,037,292

90,043,651 (10,616,593) 79,427,058

10

38,798,495 (366,902) 38,431,592

45,605,503 (367,770) 45,237,734

30,585,347 30,585,347

39,021,020 39,021,020

11a,b 12 13 14

(41,222,809) 116,456,194 5,150,047 (43,502,511) (2,510,432) (8,449,402) (1,781,056) (98,310,679)

96,277,263 (53,686,566) 5,061,020 (35,949,863) (2,046,353) (6,597,445) (1,502,334) (71,841,996)

(41,426,324) 113,895,248 4,632,916 (34,283,972) (1,239,241) (7,231,383) (1,426,760) (89,736,606)

96,248,358 (56,101,969) 4,696,