Nigeria’s Access Bank expect its loan book to increase by 10 percent this year, lower than the 25 percent growth achieved last year, the bank said on Tuesday.
The top tier lender said it had also forecast growth of 10 percent last year, but that estimate was exceeded due to increased on-lending activities. In 2014, loan growth was 39 percent, it said in a presentation.
Access Bank expects to increase its focus on asset quality this year, while pursuing an increase in loans in line with its outlook. It expects return on average equity (ROE) to hit 22 percent this year, up from 20.4 percent in 2015.
Source: Reuters