Access Holdings Plc has released its 2024 full-year audited accounts, reporting a pre-tax profit of N867.019 billion, up from N729.001 billion a year earlier.

In a Tuesday filing on the Nigerian Stock Exchange (NSE), the bank holding company also reported a surge in gross earnings, rising to N4.878 trillion from N2.594 trillion reported a year earlier.

Profit after tax stood at N642.22 billion, representing a 3.7% increase from the N619.32 billion posted a year earlier.

The group has proposed a final dividend of N2.05 per ordinary share on its 53,317,838,433 issued ordinary shares of 50 kobo each.

This brings the total dividend for the 2024 financial year to N2.50 per share.

The bank delivered 88% year-on-year growth in gross earnings, rising from N2.594 trillion in 2023 to N4.878 trillion in 2024, driven by diversified income streams.

Interest income grew by 110% to N3.480 trillion, and non-interest income increased by 47.8% to N1.397 trillion, supported by robust retail banking activities, digital expansion, and a dynamic trading strategy.

Profit before tax (PBT) increased by 19% to N867.0 billion, while profit after tax (PAT) rose to N642.2 billion, despite inflationary and macroeconomic challenges. Total assets grew by 55.5% to N41.498 trillion, and customer deposits rose by 47% to N22.525 trillion. Shareholders’ funds also increased by 72%, reaching N3.760 trillion.

Access Bank posted significant gains across all performance metrics, with interest income growing by 110% and fees and commissions rising by 81%. International subsidiaries contributed 48.5% to the banking segment’s PBT, demonstrating strong execution across key markets.

In 2024, Access Holdings also became the first institution to meet the Central Bank of Nigeria’s recapitalisation directive, raising ₦351 billion through a rights issue.

“The proceeds are being strategically deployed to strengthen digital infrastructure, enhance liquidity, and fuel long-term growth,” the bank said in a statement.

Looking ahead, Access Holdings said it remains committed to building a more inclusive, sustainable, and profitable future, delivering value not just to shareholders, but to society and the environment at large.

The Group said it is focused on delivering sustainable returns to shareholders while reinvesting in innovation, infrastructure, and cross-border expansion. Its banking subsidiary launched operations in Hong Kong, received regulatory approval in Malta, and successfully integrated its operations in Zambia and Tanzania, expanding its global footprint.