BusinessAccess Corps 2022 FY Statement: What Investors Need To Know

Access Corps 2022 FY Statement: What Investors Need To Know

spot_img

In spite of the global economic headwinds, the Herbert Wigwe-led Access Holdings has demonstrated  to old and prospective investors that it remains their darling, as Africa’s  leading financial  powerhouse, by performing in key metric areas.

Access Bank Advert

For instance, the financial behemoth  grew revenue to a record N1.4 trillion, a 43 percent growth compared to the 2021financial year,  the first in Nigeria to do so.

Accordingly, overall Interest Income grew by 37 percent year on year  to ₦827billion, driven by a strong loan book growth despite the high inflationary environment. Net loans & advances to customers grew by 25 percent.

UBA

Growth in subsidiaries, particularly in the United Kingdom grew 36 percent to N1.1 trillion year on year.

READ ALSO:  Tinubu Orders Investigation Of Those Connected With Trial Of Underaged, Immediate Release

The number of customers rose to over 58 million customers across the extensive network of subsidiaries and business verticals.

The company’s asset base grew to ₦15  trillion and customer deposits to ₦9.25 trillion.


Discover more from The Source

Subscribe to get the latest posts sent to your email.

Share your story or advertise with us: WhatsApp: +2348174884527, Email: [email protected]

Your Comment Here

More articles

Discover more from The Source

Subscribe now to keep reading and get access to the full archive.

Continue reading