Access Holdings PLC, a leading African financial services powerhouse, has announced a remarkable 88% growth in gross earnings, hitting a staggering N4.878 trillion in its 2024 full-year audited financials — a significant leap from N2.594 trillion in 2023.
Driven by diversified income streams and a bold digital expansion strategy, the Group recorded a 110% surge in interest income to N3.480 trillion and a 47.8% increase in non-interest income to N1.397 trillion.
Profit before tax stood strong at N867.0 billion — a 19% year-on-year growth — while profit after tax came in at N642.2 billion, reflecting the Group’s resilience amid inflationary headwinds and economic uncertainty.
Total assets soared by 55.5% to N41.498 trillion, customer deposits climbed 47% to N22.525 trillion, and shareholders’ funds jumped by an impressive 72%, now standing at N3.760 trillion.
EMPOWERING MILLIONS ACROSS AFRICA
Beyond the numbers, Access Holdings made bold moves in 2024 with social investments that impacted over 21 million lives across the continent. Through its flagship subsidiary, Access Bank, and its celebrated W-Initiative, the Group disbursed loans to over 1 million women-led SMEs — a milestone in advancing gender empowerment and financial inclusion.
Employee wellness remained a top priority with wellness programs extending to 28,000 staff members. In the spirit of giving back, Access employees dedicated 228,500 volunteer hours to community development initiatives.
RECOGNITION AND GLOBAL EXPANSION
Access Holdings swept multiple industry accolades in 2024, including three Euromoney Awards for Excellence (notably ‘Best Bank for ESG’), the International Finance Award for ‘Most Innovative Bank for Community Engagement’, and the World Economic Magazine Award for ‘Most Sustainable Bank’.
The Group’s ESG momentum remained solid. In addition to reducing operational emissions by 13.4% and planting over 57,000 trees, Access facilitated $437.42 million in DFI inflows to support MSMEs and booked its first N1.4 billion diaspora mortgage loan. Its headquarters also earned the prestigious IFC EDGE Green Building Certification.
CROSS-BORDER GROWTH & FUTURE PLANS
Access Holdings deepened its global presence in 2024, launching operations in Hong Kong, securing regulatory approval in Malta, and integrating subsidiaries in Zambia and Tanzania.
In a major regulatory milestone, Access became the first institution to meet the Central Bank of Nigeria’s recapitalisation directive, raising ₦351 billion via a rights issue to boost digital infrastructure, enhance liquidity, and power future growth.
With international subsidiaries contributing 48.5% to banking segment PBT, the Group is proving its strength beyond Nigeria’s borders.
Looking forward, Access Holdings is laser-focused on building a sustainable, inclusive, and profitable future for its shareholders, customers, and the communities it serves.
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