Announcement • Aug 12
Access Bank (Ghana) Plc announces Annual dividend, payable on August 01, 2025 Access Bank (Ghana) Plc announced Annual dividend of GHS 0.3353 per share payable on August 01, 2025, ex-date on July 16, 2025 and record date on July 18, 2025. Announcement • May 31
Access Bank (Ghana) Plc, Annual General Meeting, Jun 20, 2025 Access Bank (Ghana) Plc, Annual General Meeting, Jun 20, 2025. Location: access bank (ghana) plc head office, starlets `91 road, opposite accra, sports stadium, osu, accra Ghana Buy Or Sell Opportunity • Nov 08
Now 21% overvalued Over the last 90 days, the stock has fallen 1.0% to GH₵4.75. The fair value is estimated to be GH₵3.92, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 40% over the last 3 years. Meanwhile, the company has become profitable. Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: GH₵1.05 (vs GH₵0.70 in 3Q 2023) Third quarter 2024 results: EPS: GH₵1.05 (up from GH₵0.70 in 3Q 2023). Revenue: GH₵450.3m (up 54% from 3Q 2023). Net income: GH₵182.8m (up 51% from 3Q 2023). Profit margin: 41% (in line with 3Q 2023). Over the last 3 years on average, earnings per share has increased by 31% per year but the company’s share price has only increased by 7% per year, which means it is significantly lagging earnings growth. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: GH₵1.02 (vs GH₵0.95 in 2Q 2023) Second quarter 2024 results: EPS: GH₵1.02 (up from GH₵0.95 in 2Q 2023). Revenue: GH₵394.5m (up 11% from 2Q 2023). Net income: GH₵178.0m (up 8.1% from 2Q 2023). Profit margin: 45% (down from 46% in 2Q 2023). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has increased by 14% per year whereas the company’s share price has increased by 11% per year. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: GH₵1.06 (vs GH₵0.97 in 1Q 2023) First quarter 2024 results: EPS: GH₵1.06 (up from GH₵0.97 in 1Q 2023). Revenue: GH₵394.4m (up 11% from 1Q 2023). Net income: GH₵183.6m (up 8.3% from 1Q 2023). Profit margin: 47% (down from 48% in 1Q 2023). The decrease in margin was driven by higher expenses. Board Change • Apr 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Non-Executive Director Seyi Kumapayi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Mar 30
Full year 2023 earnings released: EPS: GH₵3.56 (vs GH₵1.94 loss in FY 2022) Full year 2023 results: EPS: GH₵3.56 (up from GH₵1.94 loss in FY 2022). Net income: GH₵618.5m (up GH₵956.6m from FY 2022). New Risk • Aug 03
New major risk - Revenue and earnings growth Earnings have declined by 6.7% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 6.7% per year over the past 5 years. Minor Risk Market cap is less than US$100m (GH₵570.5m market cap, or US$51.2m). Reported Earnings • Aug 03
Second quarter 2023 earnings released: EPS: GH₵0.95 (vs GH₵0.66 in 2Q 2022) Second quarter 2023 results: EPS: GH₵0.95 (up from GH₵0.66 in 2Q 2022). Revenue: GH₵355.4m (up 48% from 2Q 2022). Net income: GH₵164.6m (up 43% from 2Q 2022). Profit margin: 46% (down from 48% in 2Q 2022). The decrease in margin was driven by higher expenses. New Risk • Jun 08
New minor risk - Revenue size The company makes less than US$5m in revenue. Total revenue: GH₵47m (US$4.3m) This is considered a minor risk. Companies with a small amount of revenue are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Minor Risks Revenue is less than US$5m (GH₵47m revenue, or US$4.3m). Market cap is less than US$100m (GH₵695.8m market cap, or US$63.5m). Announcement • Jan 05
Access Bank (Ghana) plc Announces End of Tenure of Mr. Ernest Akwasi Adade Mintah as Independent Non- Executive Director Access Bank (Ghana) Plc announced to the general investing public the end of tenure of Mr. Ernest Akwasi Adade Mintah- an Independent Non- Executive Director of the Bank. His tenure ended in November 2022.Attachment Issued in Accra, this 4th day of January 2023. Board Change • Dec 06
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Jacob Kholi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Board Change • Nov 17
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Jacob Kholi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Nov 03
Third quarter 2022 earnings released: EPS: GH₵0.26 (vs GH₵0.36 in 3Q 2021) Third quarter 2022 results: EPS: GH₵0.26. Revenue: GH₵246.8m (up 51% from 3Q 2021). Net income: GH₵107.6m (up 72% from 3Q 2021). Profit margin: 44% (up from 38% in 3Q 2021). The increase in margin was driven by higher revenue. Board Change • Oct 20
High number of new directors There are 8 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Jacob Kholi was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 03
Access Bank (Ghana) plc Announces Appointment of Non-Executive Directors ACCESS announced the appointment of Messrs. Jacob Kwame Kholi, John Bayuo Warisa and Prof. Elikem Nutifafa Kuenyehia as independent Non-Executive Directors of Access Bank (Ghana) Plc. Board Change • Aug 25
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Non-Executive Independent Chairman Ama Bawuah was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Aug 01
Second quarter 2022 earnings released: EPS: GH₵0.66 (vs GH₵0.44 in 2Q 2021) Second quarter 2022 results: EPS: GH₵0.66 (up from GH₵0.44 in 2Q 2021). Revenue: GH₵239.4m (up 38% from 2Q 2021). Net income: GH₵114.8m (up 50% from 2Q 2021). Profit margin: 48% (up from 44% in 2Q 2021). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 35% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Board Change • Jul 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 6 non-independent directors. Non-Executive Independent Chairman Ama Bawuah was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • Jul 01
Access Bank (Ghana) Plc Announces Changes to the Board Access Bank (Ghana) Plc announced the end of the tenure of Mr. Vincent Dela Selormey as Independent Non Executive Director and Mr. Frank W.K. Beecham as Chairman of the Board effective February 28, 2022 and May 31, 2022, respectively, and the appointment of Ms. Ama Sarpong Bawuah as Chairperson of the Board of Directors of Access Bank (Ghana) PLC effective June 1, 2022. Board Change • May 17
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Non-Executive Independent Director Ama Bawuah was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Announcement • May 07
Access Bank (Ghana) Plc, Annual General Meeting, May 27, 2022 Access Bank (Ghana) Plc, Annual General Meeting, May 27, 2022, at 10:00 Coordinated Universal Time. Location: Starlets ‘91 Road, Opposite Accra Sports Stadium, Osu Accra Ghana Reported Earnings • May 01
First quarter 2022 earnings released: EPS: GH₵0.50 (vs GH₵0.43 in 1Q 2021) First quarter 2022 results: EPS: GH₵0.50 (up from GH₵0.43 in 1Q 2021). Revenue: GH₵194.6m (up 22% from 1Q 2021). Net income: GH₵87.2m (up 16% from 1Q 2021). Profit margin: 45% (down from 47% in 1Q 2021). The decrease in margin was driven by higher expenses. Board Change • Apr 28
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 4 independent directors. 6 non-independent directors. Non-Executive Independent Director Ama Bawuah was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Reported Earnings • Mar 31
Full year 2021 earnings released: EPS: GH₵1.85 (vs GH₵1.38 in FY 2020) Full year 2021 results: EPS: GH₵1.85 (up from GH₵1.38 in FY 2020). Revenue: GH₵727.6m (up 28% from FY 2020). Net income: GH₵321.6m (up 34% from FY 2020). Profit margin: 44% (up from 43% in FY 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has fallen by 19% per year, which means it is significantly lagging earnings. Announcement • Feb 08
ACCESS Announces the Appointment of Ms. Pearl Nkrumah as an Executive Director, Retail and Digital Banking of Access Bank (Ghana) plc ACCESS announced the appointment of Ms. Pearl Nkrumah as an Executive Director, Retail and Digital Banking of Access Bank (Ghana) Plc following approval by Bank of Ghana. Board Change • Dec 14
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Non-Executive Director Ernest Mintah was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Board Change • Nov 10
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 6 non-independent directors. Independent Non-Executive Director Ernest Mintah was the last independent director to join the board, commencing their role in 2013. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Reported Earnings • Jul 31
Second quarter 2021 earnings released: EPS GH₵0.44 (vs GH₵0.39 in 2Q 2020) The company reported a solid second quarter result with improved earnings and revenues, although profit margins were flat. Second quarter 2021 results: Revenue: GH₵173.4m (up 16% from 2Q 2020). Net income: GH₵76.4m (up 14% from 2Q 2020). Profit margin: 44% (in line with 2Q 2020). Over the last 3 years on average, earnings per share has increased by 47% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings.