Access Holdings Plc is stitching together a pan-African banking empire but its acquisitions are coming at a steep cost, for now.
In 2024, the group posted the weakest profitability metrics among Nigeria’s top five banks, with its net margin tumbling to nearly half of the previous year’s.
Despite raking in the highest gross earnings in the sector, ballooning interest expenses, rising integration costs, and a surging cost-to-income ratio are weighing heavily on its bottom line.
Access Holdings Plc is stitching together a pan-African banking empire but its acquisitions are coming at a steep cost, for now.
In 2024, the group posted the weakest profitability metrics among Nigeria’s top five banks, with its net margin tumbling to nearly half of the previous year’s.
Despite raking in the highest gross earnings in the sector, ballooning interest expenses, rising integration costs, and a surging cost-to-income ratio are weighing heavily on its bottom line.
