Access Bank Plc (“ACCESS” or “The Bank”) released its FY-2020 results earlier, showing a 14.7%y/y growth in Gross Earnings (GE) to N764.7bn despite the challenging operating environment. PBT and PAT also grew by 12.5% and 12.7% to N125.9bn and N106.0bn, respectively. Similarly, Loans and deposits expanded by 17.8% and 20.3% to N3.6tn and N5.6trn. We update our estimates and review our expectations.