Accion MfB 2018 Financial Performance

Our 2018 Annual Report is now available for your reading pleasure. We present the key highlights. Enjoy reading the full report at your leisure! here. You can also scan the QR code at the back of the booklet with your smartphone to read the full report ?On the Go?!.

Key Highlights:
  • Profits after tax (PAT) grew by 30% to N1.05 billion in 2018 from N809.76 in 2017
  • Return on Equity (RoE) closed at an impressive 23% in 2018 compared to 20% in 2017
  • Shareholders fund grew by 18% to N4.61 billion in 2018 against N3.91 billion in 2017
  • Our Footprint expanded to 80 branches in 2018, from 62 in 2017, covering 11 states from just 6 states, respectively.
  • Capital Adequacy Ratio was 50% as at December 2018 against the regulatory requirement of 10%
  • Total loan portfolio grew by 16%, from N7.62 billion in 2017 to N8.85 billion in 2018
  • Total Deposits grew by 15% from N2.44bn in 2017 to N2.81bn in 2018