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ACCESS BANK ROLES OUT STRUCTURE TO BE AMONG TOP FIVE BANKS IN AFRICA BY 2027

Access Holdings Plc has announced its new five-years strategy in a move to become top five financial services institution on African continent by 2027 in terms of revenues, asset and on a balanced scorecard. The Group Managing Director, Access Holdings Plc, Herbert Wigwe yesterday said the banking subsidiary of the financial institution has mapped out plans to spread across African countries, adding that the institution would bring about more value to the shareholders and position the holdco Access to deliver more to its stakeholders. “Access will transition to the foremost financial services Holdco with a group of portfolio companies with significant complementarities that will drive value to all its stakeholders,” Wigwe said. Expressing optimism on the newly shared vision, Wigwe described the financial institution as a backbencher, ranking as the 69th bank in Nigeria 20years ago, adding that through well-laid out plan and strategic vision, the bank was able to rise to become the largest bank in terms of balance sheet and customer base. “Then (2002), there was hardly any space for us. But between 2007 and 2012, through hard work, we became one of the top 10 banks in the country and the banking sector consolidation under Prof. Charles Soludo changed everything as we went into the market to raise capital” “Between 2012 and 2017, we told ourselves that we wanted to be one of the top three banks and we started by growing organically. Presently, we are in the last year of our 5-year corporate strategy which ends in 2022 and we shall have another five-year strategy for 2022 to 2027.” He said.

@accessbank @topbanks @herbertwigwe #accessbank #holdco #charlessoludo

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