Access Holdings achieved a historic milestone by crossing the N1 trillion mark in pre-tax profit for the first time on May 1, 2026. This remarkable achievement reflects not only the bank’s growth trajectory but also its resilience in a challenging economic environment.
The journey to this milestone began with Access Holdings reporting a profit before tax of N1.007 trillion for the year ended December 31, 2025. This figure represents a significant 16.16% increase compared to the previous year’s profit of N867 billion. Such growth is noteworthy, especially when considering the dynamic nature of financial markets.
Several key factors contributed to this impressive financial performance. For instance, net interest income surged to N1.36 trillion, while net fees and commission income grew by an impressive 40.9% to N585.1 billion. Additionally, total assets increased by 24.3% to N51.57 trillion, showcasing the bank’s expanding footprint.
Key statistics from Access Holdings’ financial results:
- Customer deposits grew by 53.4% to N34.56 trillion.
- Shareholders’ funds rose by 15% to N4.33 trillion.
- The bank’s gross earnings reached N5.529 trillion, marking a 13.34% YoY increase.
This strong performance comes despite facing challenges, including an impairment charge that increased by 113.42% to N523.550 billion. Moreover, earnings per share saw a decline of 19.33%, indicating that while profits rose, certain aspects of profitability faced pressures.
The significance of crossing this N1 trillion threshold cannot be overstated; it marks a pivotal moment in Access Holdings’ history and sets a new benchmark for future growth and profitability targets.
This shift towards focusing on value creation and efficiency will likely shape Access Holdings’ strategy moving forward as it aims to optimize returns on capital while ensuring long-term value creation for its stakeholders.