Access Bank speaks on more expansion after buying 130-year-old bank

• Access Holdings Plc is acceptable to participate a captious optimisation signifier successful its strategical program arsenic it moves towards 2027, focusing connected scaling, consolidating, and improving operational efficiency
• The Group aims to heighten fiscal inclusion successful Africa by bringing millions of unbanked individuals and MSMEs into the ceremonial fiscal strategy done accrued integer access.
• With a beardown beingness successful implicit 20 markets, Access Holdings continues to grow its operations, focusing connected superior productivity, lawsuit experience, and leveraging information and exertion to thrust fiscal inclusion

Legit.ng writer Zainab Iwayemi has 5-year-experience covering the Economy, Technology, and Capital Market

Access Bank's genitor business, Access Holdings Plc, has reiterated its semipermanent strategical plan, which is based connected a methodical and planned progression: scale, optimise, and sustain.

Access Holdings Plc is acceptable to participate a captious optimisation signifier successful its strategical plan. Photo Credit: Access Bank
Source: Getty Images

As the institution moves into 2027, this roadmap—which has propelled the Group's assertive enlargement passim Africa and into important planetary markets—is astir to scope a captious optimisation signifier that should output important worth for each parties involved.

Speaking connected the strategy, Acting Group Chief Executive Officer, Bolaji Agbede, said, “Our attack has ever been clear: standard archetypal done strategical expansion, past optimise done consolidation, synergy realisation, and operational efficiency."“During the scale-up phase, a sizeable magnitude of backing is required to thrust investments successful people, systems, infrastructure, and acquisitions.

But arsenic we determination deeper into the optimisation phase, we volition statesman to spot the afloat benefits manifest, particularly successful presumption of profitability, superior efficiency, and shareholder returns,”

“We are assured that arsenic we attack 2027, the afloat interaction of our strategical moves volition go evident. This is astir increasing bigger and becoming better, faster, and much resilient,” Agbede stated.

Impact and fiscal inclusion are besides important to Access Holdings' growth ambition successful its five-year strategical plan, which spans until 2027.

The Group wants to bring millions of neglected and unbanked people and MSMEs successful Africa into the ceremonial fiscal strategy by expanding integer entree and increasing low-cost transportation platforms.

This is simply a constituent of a larger program to boost intra-African trade, empower tiny enterprises, and fortify the worth concatenation successful important industries including manufacturing, commerce, and agriculture.

Daily Champions reported that the fiscal results for the full twelvemonth 2024 amusement that the Group's investments are already paying off.

Earnings accrued to N867.0 billion. With a 55.5 percent summation successful full assets to N41.498 trillion, Access Holdings solidified its lasting arsenic 1 of Africa's astir almighty fiscal services companies.

With important subsidiaries successful the UK, France, and South Africa arsenic good arsenic important commercialized routes successful Asia and the Middle East, Access Holdings has persisted successful expanding its beingness successful much than 20 markets.

Despite being capital-intensive, these strategical initiatives are already helping to diversify the Group's net basal and found it arsenic an African planetary player.

The Group volition ore connected expanding superior productivity, improving lawsuit experience, processing integer innovation, and streamlining operations arsenic it enters the optimisation phase.

Access Holdings wants to bring millions of neglected and unbanked radical and MSMEs successful Africa. Photo Credit: Access Bank
Source: Getty Images

Using information and exertion to summation access, little transaction costs, and hasten fiscal inclusion—especially for women, young people, and agrarian communities—is a important constituent of this phase.

While continuing to pb the fiscal services assemblage successful innovation, inclusivity, and impact, Access Holdings is dedicated to creating a globally linked assemblage and providing semipermanent worth to its stakeholders.

Access Bank takes implicit Standard Chartered Bank

Legit.ng reported that Nigeria’s banking giant, Access Bank, has completed the takeover of Standard Chartered Bank successful The Gambia.

The takeover connected June 13, 2025, volition spot Standard Chartered Bank cease to run successful The Gambia aft 130 years of operations.

The politician of the Central Bank of The Gambia, Buah Saidy, disclosed this precocious during a property league astatine The Gambia’s apex bank’s office successful Banjul.

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Source: Legit.ng