Access Holdings Plc, the parent company of Access Bank Plc, one of the leading financial services providers in Nigeria, has posted a profit after-tax of N642.2 billion for 2024, marking an increase from the N619.3 billion recorded in 2023.
Disclosed in the group financial statement, Access Holdings reported improvement across key metrics for the 2024 financial year, with gross earnings almost doubling, reaching N4.9 trillion, from N2.6 trillion posted in 2023.
Profit before tax surged by 19% to N867 billion from N729 billion. Total assets jumped by 56% to N41.5 trillion, from the previous N26.7 trillion.
While total liabilities increased by 54% to N37.7 trillion from N24.5 trillion. Retained earnings jumped by 60% to N1.1 trillion from N715.1 billion in 2023.
The group recorded an improvement in its net foreign exchange gains to N288 billion, up from N17.3 billion in 2023.
Following the improvement recorded in 2024, the group declared a final dividend of N2.05 per ordinary share of N0.50, subject to appropriate withholding tax and will be paid to shareholders whose names appear in the Registered of Members at the close of business on April 29, 2025.
Access Bank Holdings Plc’s improvement across key metrics during the 2024 financial year is an outcome of its continuous effort to spread its tentacle and put consistent effort into boosting profitability.
It recently acquired the National Bank of Kenya Limited from KCB Group, a move that is expected to boost its portfolio and further deepen its footprint across Africa.
