By Stanley Onyeka, Lagos
Access Holdings PLC, a leading African financial services group, today, announced its audited financial results for the full year ended December 31, 2024.
The Group delivered 88% year-on-year growth in gross earnings, rising from N2.594 trillion in 2023 to N4.878 trillion in 2024.
The bank explained that the strong performance was driven by diversified income streams, with interest income growing by 110% to N3.480 trillion and non-interest income increasing by 47.8% to N1.397 trillion, supported by robust retail banking activities, digital expansion, and a dynamic trading strategy.
Other highlights include:
- Profit before tax (PBT) – N867.0 billion (+19%),
- Profit after tax (PAT) – N642.2 billion
- Total assets – N41.498 trillion (+55.5%),
- Customer deposits – N22.525 trillion (+47%),
- Shareholders’ funds – N3.760 trillion (+72%).
During the year in review, the Group said it made significant social and environmental impact across the continent, touching millions of lives and earning multiple industry accolades.
In terms of economic sustainability, Access Bank said it recorded strong strides through its Economic, Social and Governance (ESG) programmes.
It facilitated $437.42 million in direct foreign investment (DFI) inflows to support MSMEs across Africa, disbursed 1.6 million digital loans to low-income individuals, and booked its first N1.4 billion diaspora mortgage loan.
The Group is focused on delivering sustainable returns to shareholders, while reinvesting in innovation, infrastructure, and cross-border expansion.
The Group also achieved a 13.4% reduction in operational emissions, planted 57,302 trees, and enabled solar power adoption for 226 homes and businesses.
The Group also said it is focused on delivering sustainable returns to shareholders, while reinvesting in innovation, infrastructure, and cross-border expansion.
Its banking subsidiary launched operations in Hong Kong, received regulatory approval in Malta, and successfully integrated its operations in Zambia and Tanzania, expanding its global footprint.
The bank added that in 2024, Access Holdings also became the first institution to meet the Central Bank of Nigeria’s recapitalisation directive, raising ₦351 billion through a rights issue.
The proceeds are being strategically deployed to strengthen digital infrastructure, enhance liquidity, and fuel long-term growth.
Looking ahead, Access Holdings expressed its commitment to building a more inclusive, sustainable, and profitable future, delivering value not just to shareholders, but to society and the environment at large.
