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Nigeria's Access Bank targets 20 pct loan growth in 2014
August 27, 2014 / 1:16 PM / 3 years ago

Nigeria's Access Bank targets 20 pct loan growth in 2014

LAGOS, Aug 27 (Reuters) - Nigeria’s Access Bank expects loan growth of 20 percent in 2014, after a 17 percent increase in the first half, its chief executive said on Wednesday.

Access Bank’s loan book stood at 811 billion naira ($5 billion) in 2013, CEO Herbert Wigwe, told a conference call presenting its half-year results.

He said the lender was targeting a return on equity of 20 percent this year, up from 18.3 percent in first half. (1 US dollar = 161.9000 Nigerian naira) (Reporting by Chijioke Ohuocha; editing by Tom Pfeiffer)

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