Access Holdings Plc has set an ambitious goal to achieve a profit of N10 trillion by 2027. This projection was disclosed by the Chief Executive Officer of Access Bank, Roosevelt Ogbonna, during the ‘Facts Behind the Right Issue Presentation by Access Holdings Plc’ held in Lagos on Tuesday.
Ogbonna emphasized that this target reflects the company’s commitment to becoming a global banking leader, focusing on expansive growth and robust financial performance. “We are positioning ourselves to be one of the most respected banks globally, focusing on superior service across three continents and spanning 22 countries, including the UAE and the UK,” he stated.
Highlighting the bank’s vision of transforming into Africa’s gateway to the world, Ogbonna projected that the bank’s customer base would grow to 125 million by 2027, further cementing its market leadership.
“Our journey from a handful of branches to a global presence showcases our dedication to sustainable growth. By 2027, we aim to be one of the top five banks globally, powering trade across the continent and providing superior services to our customers,” Ogbonna reiterated.
To support these growth plans, the Chairman of Access Holdings, Aigboje Imoukhuede, announced that the company is offering 17.7 billion shares at N19.75 each through a rights issue. This initiative aims to raise substantial capital for expanding the bank’s operations and enhancing its service offerings.
The announcement underscores Access Holdings’ strategic market entry and consolidation efforts aimed at building a strong franchise across Africa.
