Managing Director/CEO of Accion MfB, Taiwo Joda, at the bank’s 18th yearly general meeting, said the shareholders approved a dividend payment of 20 kobo per share in 2023 while its after-tax profit declined to N467.2 million from N1.03 billion.
The complex economic landscape marked by policy shifts, naira instability and market volatility resulted in the bank’s profit before tax record at N503 million, as against N1.55 billion from the previous year. Though 2023 with a loss as against its 2022 gross earnings of 6.96bn, the firm was able to support 17,043 entrepreneurs and small businesses in Nigeria with financing of N13.29 billion and customer deposits of N236.43 in savings and other products.
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