Access Holdings has announced that its gross earnings increased to N4.878 trillion in 2024.
Access Holdings announced this in its audited financial results for the full year 2024 on Tuesday, April 15, 2025.
The company said its gross earnings increased from N2.594 trillion in 2023 to N4.878 trillion in 2024.
It stated 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.
Access Holdings disclosed that its profit before tax (PBT) increased by 19% to N867.0 billion, while profit after tax (PAT) rose to N642.2 billion, despite inflationary and macroeconomic challenges.
Access Holdings noted that its total assets grew by 55.5% to N41.498 trillion, and customer deposits rose by 47% to N22.525 trillion.
The company said shareholders’ funds also increased by 72%, reaching N3.760 trillion.
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Access Holdings further stated that its flagship subsidiary, Access Bank, posted significant gains across all metrics, with interest income growing by 110% and fees and commissions rising by 81%.
International subsidiaries contributed 48.5% to the banking segment’s PBT, demonstrating strong execution across key markets.
In 2024, Access Holdings became the first institution to meet the Central Bank of Nigeria’s recapitalisation directive, raising N351 billion through a rights issue.
According to the company, the proceeds are being strategically deployed to strengthen digital infrastructure, enhance liquidity, and fuel long-term growth.
Access Holdings stressed that it remains committed to building a more inclusive, sustainable, and profitable future, delivering value not just to shareholders, but to society and the environment at large.
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