The group is branching out into markets such as Malta, UAE, Lebanon, China and India.
Access Holdings Plc expects to expand its operations to France and Hong Kong by 2027, Nigeria’s biggest lender by assets said in a five-year strategy document issued on Monday.
Access Holdings is expecting its clientele to reach 125 million by 2027, with retail clients expected to make up 100 million of its customer base by then.The financial services group has unveiled several grand aspirations it wants to accomplish in the next half a decade and wants its retail banking business to have evolved into a digital sales and service provider by 2027.
Access Holdings wholesale business is seen contributing 63 per cent to gross revenue and half of profit before tax while retail business is expected to account for a quarter of gross revenue and 31 per cent of pre-tax profit. “By the end of 2027, we expect to be in at least 26 countries and in at least 3 Organization for Economic Co-operation and Development countries supporting trade ,” the corporation said.The holdco is broadly divided into five subsidiaries namely retail, commercial & corporate banking; insurance brokerage; payment and switching services; consumer lending and agency banking; as well as asset management and pension fund administration.
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