ACCESS HOLDINGS EYES N10TN PROFIT BY 2027
Access Holdings Plc has set a target to achieve a profit of N10 trillion by 2027, as announced by Access Bank's CEO, Roosevelt Ogbonna, during the 'Facts Behind the Right Issue Presentation' in Lagos on Tuesday. This ambitious goal highlights the company's aim to become a global banking leader, focusing on expansive growth and robust financial performance.
Ogbonna emphasized the bank's vision of transforming into Africa's gateway to the world, aiming to be one of the most respected banks globally. The bank plans to provide superior service across three continents and operate in 22 countries, including the UAE and the UK. By 2027, Access Bank expects its customer base to grow to 125 million, reinforcing its market leadership.
The Chairman of Access Holdings, Aigboje Imoukhuede, announced that the company is offering 17.7 billion shares at N19.75 each through a rights issue. This initiative aims to raise substantial capital to expand the bank's operations and enhance its service offerings.
Key Points:
- Profit Target: N10 trillion by 2027.
- Customer Base Growth: Expected to reach 125 million by 2027.
- Global Presence: Expanding across 22 countries.
- Rights Issue: Offering 17.7 billion shares at N19.75 each to raise capital.
Access Holdings Plc has set a target to achieve a profit of N10 trillion by 2027, as announced by Access Bank's CEO, Roosevelt Ogbonna, during the 'Facts Behind the Right Issue Presentation' in Lagos on Tuesday. This ambitious goal highlights the company's aim to become a global banking leader, focusing on expansive growth and robust financial performance.
Ogbonna emphasized the bank's vision of transforming into Africa's gateway to the world, aiming to be one of the most respected banks globally. The bank plans to provide superior service across three continents and operate in 22 countries, including the UAE and the UK. By 2027, Access Bank expects its customer base to grow to 125 million, reinforcing its market leadership.
The Chairman of Access Holdings, Aigboje Imoukhuede, announced that the company is offering 17.7 billion shares at N19.75 each through a rights issue. This initiative aims to raise substantial capital to expand the bank's operations and enhance its service offerings.
Key Points:
- Profit Target: N10 trillion by 2027.
- Customer Base Growth: Expected to reach 125 million by 2027.
- Global Presence: Expanding across 22 countries.
- Rights Issue: Offering 17.7 billion shares at N19.75 each to raise capital.