Commenting on the performance, the group Chairman, Aigboje Aig Imoukhuede, attributed the strong financial performance to the company’s resilient balance sheet and strategic initiatives.

According to him “the financial performance in 2024 underscores the underlying strength of our balance sheet and the resilience of our group. Central to this success was our landmark capital raising programme through which we raised N351 billion via a right issue”.

This strategic initiative in his wirds made “Access Bank the first Nigerian bank to meet the new capital, N500 billion minimum capital requirement set by the Central Bank Of Nigeria, well ahead of the 2026 deadline. The right issue significantly bolstered our capital base, increasing our shareholders funds to N3.76 trillion”.

Aigboje pointed out that “we concluded the year with total assets of N41.498 trillion, reflecting a remarkable year on year growth of 55.5% and reaffirming our position as the largest financial company in Nigeria by asset size. This strength in our balance sheet serves as the foundation upon which we are executing our ambitious long term growth strategy”.

However, shareholders expressed concerns over fraud cases in the financial sector and urged management to strengthen cybersecurity measures to protect customers’ funds.

While they frowned at penalties paid to the Central Bank of Nigeria (CBN), and levies to Asset Management Corporation (AMCON), and Nigerian Deposit Insurance Corporation (NDIC).

Also the shareholders emphasized the need for the CBN to confirm the Acting Group Managing Director, Bolaji Agbede, noting that it has taken too long.

On her part the Acting Group Managing Director, Bolaji Agbede, said “we are confident in the ability of our institution to build on the strong growth trajectory recorded in 2024, with clear line of sight towards delivering even stronger outcomes in 2025 and beyond.