Access Holdings PLC, the parent company of Access Bank, has reaffirmed its long-term strategicblueprint anchored on a deliberate and structured progression: scale, optimise, and sustain.
This roadmap, which has driven the Group’saggressive expansion across Africa and into key global markets, is now entering a crucialoptimisation phase, expected to unlock
significant value for stakeholders as the organisation heads toward 2027.
Speaking on the strategy, Bolaji Agbede, ActingGroup Chief Executive Officer, noted: “Our approach has always been clear: scale firstthrough strategic expansion, then optimise through consolidation, synergyrealisation, and operational efficiency. During the scale-up phase, a considerable amount of funding is required to drive investments in people, systems, infrastructure, and acquisitions.
“But as we move deeper into the optimisationphase, we will begin to see the full benefits
manifest, especially in terms of profitability, capital efficiency, and shareholder returns.”
Access Holdings’ five-year strategic plan, whichruns through to 2027, also places financial inclusion and impact at the core of itsgrowth agenda. By expanding digital access and scaling low-cost delivery platforms,the Group aims to onboard millions of previously unbanked and underservedindividuals and MSMEs across Africa into the formal financial system. This is part of a broader strategy to enhance intra-Africa trade, empower smallholder businesses, andstrengthen the value chain across key sectors including agriculture, commerce, and manufacturing.
The Full Year 2024 financial results demonstratethat the Group’s investments are already yielding meaningful outcomes. Grossearnings rose to N4.878 trillion from 2.594 trillion in 2023, while profit before taxincreased by 19 per cent to N867.0 billion. Totalassets surged by 55.5 per cent to N41.498 trillion, reinforcing Access Holdings’ position as one of Africa’s most formidable financial services institutions.
Access Holdings has continued to deepen itsfootprint across more than 20 markets, including key subsidiaries in the UK, France,South Africa, and major trade corridors in
Asia and the Middle East. These strategicinvestments, although capital intensive, are already contributing to a more diversified earnings base and positioning the Group as a global player from Africa.