Nairametrics
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
  • Home
  • Exclusives
    • Financial Analysis
    • Corporate Stories
    • Interviews
    • Investigations
    • Metrics
  • Markets
    • Cryptos
    • Commodities
    • Equities
      • Dividends
      • Stock Market
    • Fixed Income
    • Market Views
    • Securities
  • Industries
    • Company News
    • Consumer Goods
    • Content Partners
    • Corporate deals
    • Corporate Press Releases
    • Energy
    • Entertainment
    • Financial Services
    • Hospitality & Travel
    • Manufacturing
    • Real Estate and Construction
    • Tech News
  • Economy
    • Get Data
    • Macro-Economic News
    • Research Analysis
  • Business News
  • Financial Literacy
    • Career tips
    • Personal Finance
  • Lifestyle
    • Billionaire Watch
    • Profiles
  • Opinions
    • Blurb
    • Op-Eds
No Result
View All Result
Nairametrics
No Result
View All Result
Home Business News

Access Bank targets number one spot by 2022

Onome Ohwovoriole by Onome Ohwovoriole
December 5, 2017
in Business News, Company News
Access Bank makes record HY 2017 Earnings, declares interim dividend

Herbert Wigwe, Group Managing Director, Access Bank

Share on FacebookShare on TwitterShare on Linkedin

Access Bank Plc’s senior management led by the Group Managing Director (GMD) of the Bank Herbert Wigwe yesterday presented the bank’s 5 year plan at the Nigerian Stock Exchange.

Highlights of the plan

The bank according to Wigwe will focus on digital payment strategies, as well as being a payment gateway for African countries.

“We recognise that we have a vital role to play in growing Nigeria, our largest market. Our global footprint is also changing and growing. As a result of our strategy, we will be in the Africa corridor trade hubs and the global gateway markets within five years,”

What did  previous plans achieve ?

The bank had increased its customer base from 90,000 in 2002 to over 8 million in 2017. Total assets also grew by a Cummulative Average Growth Rate (CAGR) of 18%. 352 branches were also opened between

RelatedPosts

FUGAZ investors gain N59.66 billion combined during the week

FUGAZ capitalization dips by N47.62 billion combined during the week

 Why are banks focusing on digital (fintech) strategies ?

Banks in the country have increasingly turned to technology in order to save costs, as well as capturing a younger generation. Access bank has had various digital intitiatives such as Pay with capture, and the bank has set up a dedicated fintech (financial technology) department.

Number one is the aim

Having achieved its initial goal of being in the top 3 positions in every market it operates, the bank has now set its sights on being number one bank in Nigeria by 2022.

News continues after this ad


Access bank shares closed at N10 in yesterday’s trading session on the NSE. Year to date, the shares are up 70%.

Related

Tags: Access Bank Plc NewsHerbert WigweNews Review

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

inq
avatrade
Stanbic bank
Mega Millions
UBN
Hot forex
Access Bank
Bankers Committee
First bank






    Business News | Stock Market | Money Market | Cryptos | Financial Literacy | SME |

    Recent News

    • Buhari disburses N100 billion loan to indigenous pharmaceutical firms
    • Dangote Cement shareholders lose N409 billion on sell pressure
    • Parthian Partners Limited issues N10 billion Bond

    Follow us on social media:

    Recent News

    Buhari disburses N100 billion loan to indigenous pharmaceutical firms

    Buhari disburses N100 billion loan to indigenous pharmaceutical firms

    August 9, 2022
    Stock News

    Dangote Cement shareholders lose N409 billion on sell pressure

    August 9, 2022
    • ABOUT US
    • CONTACT US
    • PRODUCTS
    • ANDROID APP
    • iOS APP
    • DISCLAIMER
    • CAREERS
    • PRIVACY POLICY

    © 2022 Nairametrics

    No Result
    View All Result
    • Home
    • Exclusives
      • Financial Analysis
      • Corporate Stories
      • Interviews
      • Investigations
      • Metrics
    • Markets
      • Cryptos
      • Commodities
      • Equities
        • Dividends
        • Stock Market
      • Fixed Income
      • Market Views
      • Securities
    • Industries
      • Company News
      • Consumer Goods
      • Content Partners
      • Corporate deals
      • Corporate Press Releases
      • Energy
      • Entertainment
      • Financial Services
      • Hospitality & Travel
      • Manufacturing
      • Real Estate and Construction
      • Tech News
    • Economy
      • Get Data
      • Macro-Economic News
      • Research Analysis
    • Business News
    • Financial Literacy
      • Career tips
      • Personal Finance
    • Lifestyle
      • Billionaire Watch
      • Profiles
    • Opinions
      • Blurb
      • Op-Eds

    © 2022 Nairametrics

    Social Media Auto Publish Powered By : XYZScripts.com