BusinessAccess Corps 2022 FY Statement: What Investors Need To Know

Access Corps 2022 FY Statement: What Investors Need To Know

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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.

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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.

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

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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.


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