Access Holdings Plc, the parent company of Access Bank, says it is entering a new phase of its long-term growth journey, one focused on streamlining operations and getting the most out of its previous expansions. The Group, which has rapidly grown across Africa and into key global markets over the past few years, is now shifting gears from scaling up to optimising and sustaining that growth.
Acting Group Chief Executive Officer, Bolaji Agbede, explained the strategy in simple terms: “We started by expanding—investing heavily in people, infrastructure, and acquisitions. Now, we’re in the next phase where we consolidate all that growth, improve how we operate, and deliver better returns for everyone involved—our customers, our employees, and our shareholders.”
The Group’s strategic plan runs through 2027 and is focused not just on profitability but also on financial inclusion and social impact. Access Holdings aims to bring millions of unbanked individuals and small businesses into the financial system across Africa. It is using digital platforms and low-cost services to help people in underserved communities—especially women, youth, and those in rural areas—gain access to banking and financial tools that can improve their lives and businesses.
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And the numbers show the strategy is working. In its Full Year 2024 financial results, Access Holdings posted gross earnings of N4.878 trillion, up from N2.594 trillion in 2023. Profit before tax rose by 19% to N867 billion, and total assets jumped by over 55%, reaching N41.5 trillion—making Access one of the biggest financial institutions on the continent.
Access Holdings is also becoming a truly global player.
With presence in more than 20 countries—including the UK, France, South Africa, and key trade routes in Asia and the Middle East—the Group has built a diverse and growing portfolio that reduces reliance on any one region.
Now, as it sharpens its focus on operational efficiency, Access Holdings plans to boost digital innovation, reduce costs, and improve customer experience across all touchpoints. Data and technology will play a major role in this phase—helping the Group deliver services faster, smarter, and at a lower cost.
“We are confident that as we approach 2027, the full impact of our strategic moves will become evident,” Agbede said. “This is about growing bigger and becoming better, faster, and more resilient.”
Access Holdings remains committed to its mission of helping people and businesses “access more” and reach their full potential, while building a sustainable, inclusive financial ecosystem for the future.
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