Access Holdings Plc has set a target to achieve a profit of N10 trillion by 2027. This ambitious goal was revealed by Roosevelt Ogbonna, the CEO of Access Bank, during the ‘Facts Behind the Right Issue Presentation by Access Holdings Plc’ held in Lagos on Tuesday.
Ogbonna emphasized that this projection reflects the company’s dedication to becoming a leading global banking institution, characterized by significant growth and strong financial performance. He elaborated on the bank’s vision of becoming Africa’s gateway to the world, stating, “Our goal is to establish ourselves as one of the most esteemed banks worldwide, delivering exceptional service across three continents and operating in 22 countries, including the UAE and the UK.”
The CEO projected that the bank’s customer base would expand to 125 million by 2027, solidifying its market dominance. He pointed out that the bank’s strategic market entry and consolidation initiatives are designed to build a formidable presence across Africa.
“Our evolution from a few branches to a global entity underscores our commitment to sustainable development. By 2027, our objective is to be among the top five banks globally, facilitating trade across Africa and offering superior services to our clients,” Ogbonna affirmed.
To support these growth ambitions, Aigboje Imoukhuede, the Chairman of Access Holdings, announced the issuance of 17.7 billion shares at N19.75 each through a rights issue. He noted that this capital-raising effort aims to significantly expand the bank’s operations and enhance its service capabilities.
