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