Access Bank Plc. (ACCESS)’s gross earnings grew by 27.09% YoY in 2021FY to NGN971.89bn as it enters the final year of its 2018-2022 strategic transformation plan. Notably, the share of the group’s revenue from Nigeria declined to c. 76% from a five-year average of c. 85% as the lender expands its African operations in furtherance of the strategic plan. Thus, revenue from other African countries advanced by 105.35% YoY to NGN182.79bn in 2021FY while that of Nigeria increased by 15.52% YoY to NGN734.28bn. Overall, topline performance was supported by both
funded and non-funded income growth.
