bloomshorts Access Holdings PLC Reaffirms Commitment to Strategic Growth
Access Holdings PLC, the parent company of Access Bank, has reiterated its dedication to a long-term strategic blueprint focused on scaling, optimizing, and sustaining its operations. This plan has propelled the Group’s expansion across Africa and into global markets, now entering a critical optimization phase aimed at unlocking significant value for stakeholders by 2027.
Strategic Phases and Financial Inclusion
Bolaji Agbede, Acting Group Chief Executive Officer, highlighted the Group’s clear approach: scaling through strategic expansion followed by optimization through consolidation and operational efficiency. The Group’s five-year plan also emphasizes financial inclusion, aiming to bring millions of unbanked individuals and MSMEs into the formal financial system through digital access and low-cost platforms.
Financial Performance and Global Footprint
The Group’s financial results for 2024 show promising outcomes, with gross earnings rising to ₦4.878 trillion and profit before tax increasing by 19% to N867.0 billion. Access Holdings continues to expand its presence in over 20 markets, including the UK, France, and South Africa, reinforcing its position as a leading financial services institution in Africa.
Future Focus
As Access Holdings transitions into the optimization phase, the focus will shift to streamlining operations, enhancing digital innovation, and improving customer experience. Leveraging data and technology will be key to reducing transaction costs and accelerating financial inclusion, particularly for women, youth, and rural communities.
