Access Bank’s 2025 Results: ₦1.23bn Lost to Fraud as Profit Tops ₦1tn
Access Bank’s full-year 2025 results show a ₦1.236 billion loss to fraud. The bank recorded 5,981 successful fraud incidents worth ₦3.17 billion in attempted losses, but actual losses amounted to ₦1.236 billion. Fraudulent account transfers were the costliest category at ₦587.8 million, while electronic and USSD fraud was most frequent with 5,931 cases and ₦465 million lost. Incidents and losses fell from 11,410 and ₦1.69 billion in 2024, but customers remain uneasy about fraud risk. Despite these setbacks, profit before tax hit ₦1.01 trillion, up 16.2%. Net interest income rose to ₦1.36 trillion, fees and commissions grew 40.9% to ₦585.1 billion, and overall operating income after impairment climbed 23.9% to ₦3.17 trillion. Cost-to-income ratio improved to 51.7%, with return on equity at 18.4%. The bank has been contacted for comment on fraud reduction measures but has not responded.
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