Access Holdings PLC, the parent company of Access Bank, has reaffirmed its commitment to a structured long-term strategy built on three key pillars: scale, optimise, and sustain. Having spent the last few years expanding aggressively across Africa and into global markets, the Group says it is now entering a critical optimisation phase aimed at enhancing profitability, efficiency, and stakeholder value.
In a statement released on Tuesday, the Acting Group Chief Executive Officer, Bolaji Agbede, explained that the Group’s approach was always designed to evolve through distinct phases.
“Our strategy has been intentional—scale first through strategic investments in people, systems, infrastructure, and acquisitions. Now, we have entered the optimisation phase, where we consolidate those gains, unlock synergies, and focus on operational efficiency,” Agbede said.
The five-year plan, which runs through to 2027, is geared not only toward financial growth but also toward delivering measurable social and economic impact. At the heart of the roadmap is a commitment to deepening financial inclusion across the African continent, especially by expanding digital platforms and low-cost channels that bring banking services to underserved individuals, small businesses, and rural communities.
Recent financial results show the Group’s growth strategy is already bearing fruit.
According to its 2024 Full Year report:
- Gross earnings climbed to ₦4.878 trillion, up from ₦2.594 trillion in 2023.
- Profit before tax rose by 19% to ₦867 billion.
- Total assets surged by 55.5% to ₦41.498 trillion.
These numbers reinforce Access Holdings’ position as one of Africa’s largest and most influential financial institutions.
The Group has expanded its footprint to over 20 countries, including strategic operations in the UK, France, South Africa, and across major trade routes in Asia and the Middle East. While this expansion has been capital intensive, the company said the investments are now contributing to a more diversified and resilient earnings base.
Looking ahead, the optimisation phase will prioritise:
- Enhancing customer experience through digital innovation;
- Improving capital productivity and reducing transaction costs;
- Leveraging data analytics for personalised service delivery;
- Accelerating inclusion for women, youth, and rural populations.
“This next chapter is about becoming more agile, more efficient, and more impactful,” Agbede said. “By 2027, we expect to see stronger returns, better customer outcomes, and greater contributions to the economies we serve.”
Established in 2022 following a corporate restructuring, Access Holdings PLC is a diversified financial services group comprising:
- Access Bank Group, operating through retail, business, commercial, and corporate banking;
- Access ARM Pensions;
- A digital lending company;
- A payment and switching services company; and
- An insurance brokerage firm.
With over 60 million customers and operations in 24 countries across three continents, the Group continues to pursue its ambition of becoming a globally connected African financial powerhouse.
Access Holdings says its core purpose remains unchanged: delivering sustainable economic growth that is profitable, socially inclusive, and environmentally responsible.
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