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Nigeria's Access Bank swings to H1 pre-tax loss

Fri Oct 30, 2009 8:16am EDT

LAGOS, Oct 30 (Reuters) - Nigeria's Access Bank ACCE.LG said on Friday loan loss provisions drove it to a 14.22 billion naira ($95 million) 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. (For more Reuters Africa coverage and to have your say on the top issues, visit: af.reuters.com/ ) (Reporting by Chijioke Ohuocha; Writing by Nick Tattersall)



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