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NIGERIA’S ACCESS BANK SWINGS TO H1 PRE-TAX LOSS.

30/10/2009 23:35:00 Reuters
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image Access Boss, Aigboje Aig-Imoukhuede.

Nigeria's Access Bank said on Friday loan loss provisions drove it to a 14.22 billion naira pre-tax loss in the six months to the end of September from a 14.18 billion naira profit a year earlier.

The bank said it had taken provisions of 30.89 billion naira on loans following an industry-wide audit by the central bank. Gross earnings rose to 64.33 billion naira from 49.19 billion a year earlier.

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