Access Holdings target N10tn revenue by 2027

Onwubuke Melvin
Onwubuke Melvin

Access Holdings Plc target N10 trillion in revenue by 2027.

This disclosure was made by the Chief Executive Officer of Access Bank, Roosevelt Ogbonna, at a ‘Facts Behind the Right Issue Presentation by Access Holdings Plc’ in Lagos on Tuesday, according to The Punch.

He also stated that the estimate emphasized the company’s dedication to being a global banking leader for expanded growth and strong financial performance.

Highlighting the bank’s goal to become Africa’s gateway to the world, Ogbonna said “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.”

According to Ogbonna, the bank’s customer base is projected to reach 125 million by 2027, bolstering its market domination.

He noted that the bank’s focus on strategic market expansion and consolidation activities sought to establish a strong franchise throughout Africa.

“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,” he stated.

In his remark, the Chairman of Access Holdings, Aigboje Imoukhuede declared that the firm was offering 17.7 billion shares at N19.75 apiece through the appropriate issuance.

He further said that the rights issuance is intended to raise significant money for the bank’s operations and service offerings.

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