Accion MfB 2017 Financial Performance

Our Bank delivered an impressive financial performance in 2017. We impacted the lives of our customers in a positive manner as our active borrowers grew by 2%, from 39,036 in 2016 to 39,749 in December 2017. Compared to December 2016, our total loan portfolio grew by 24.4% from N6.12bn in December 2016 to N7.27bn in December 2017.

Total loans disbursed grew by 23% from N15.58bn in 2016 to N19.13bn in 2017. Our accounts base increased by 15% from 245,094 in 2016 to 282,057 accounts in December 2017, while number of savers grew by 15.6% from 144,284 in 2016 to 166,795 in December 2017.

On an overall basis, we grew profits after tax by 50% to at a close strong N809 million. The return on equity was a commendable 20% and demonstrates effective use of the capital availed by our Shareholders. Our shareholders funds grew to N3.91bn in 2017 from N3.36bn in 2016 representing a growth of 16%. Our capital position also continues to grow from strength to strength, with a total capital adequacy ratio of 45%, compared to the regulatory requirement of 10%.


Accion MfB 2017 Financial Report

Our Bank delivered an impressive financial performance in 2017. We impacted the lives of our customers in a positive manner as our active borrowers grew by 2%, from 39,036 in 2016 to 39,749 in December 2017. Compared to December 2016, our total loan portfolio grew by 24.4% from N6.12bn in December 2016 to N7.27bn in December 2017. Total loans disbursed grew by 23% from N15.58bn in 2016 to N19.13bn in 2017. Our accounts base increased by 15% from 245,094 in 2016 to 282,057 accounts in December 2017, while number of savers grew by 15.6% from 144,284 in 2016 to 166,795 in December 2017

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2016 Financial Report
2015 Financial Report
2014 Financial Report