The Managing Director (MD) of Access Bank Plc, Mr. Olumide Olatunji has revealed that the award-winning bank has witnessed outstanding growth in its financial performance for the first half of 2021.
Mr. Olatunji disclosed this development at the annual “Facts behind the Figures” session which was held virtually.
The “Facts behind the Figures”, is an event organized by the Ghana Stock Exchange (GSE) for its listed companies to present their performance to key stakeholders, investors, and the public through the media.
Furthermore, the Managing Director disclosed that the Bank’s outstanding performance depicts a 12 percent growth in its profit before tax and a 16 percent growth in its net interest income.
Additionally, Mr. Olatunji disclosed that the bank recorded a net interest income growth from GH¢188 million to GH¢218 million, while profit before tax grew from GH¢193 million to GH¢216 million year-on-year.
Also, the Managing Director disclosed the forecast of the Bank’s outlook for the medium term. He further hinted that the Bank will conscientiously grow its enviable retail banking, consolidate wholesale banking, and deepen its position on digitalization to sustainably improve its customer experience.
“The Bank will continue to explore digitally-led solutions to customers across multiple segments as it strives to deepen digitalization towards a cash lite society.”
Mr. Olumide Olatunji
Meanwhile, the Managing Director disclosed that these strategic moves were being rolled out on the back of robust state-of-the-art security-enhancing architecture.
“The Bank is also incorporating advanced analytics to tailor products to customers’ needs and manage risks across multiple businesses, as markets are the key strategic focus of the Bank in the medium term with significant investments.”
Mr. Olumide Olatunji
Also, the Bank’s Chief Operating Officer (COO), Mr. Ade Ologun assured customers and investors of the various security measures being put in place by the bank to ensure the safety of customers’ assets and investments.
Furthermore, Mr. Michael Gyabaah, the bank’s Chief Finance Officer (CFO), gave assurance of the bank’s dedicated efforts to bring appreciable returns on investments to shareholders and stakeholders.
Innovative services to customers
The Access Bank Ghana Plc is a subsidiary of the Access Bank Group, a financial conglomerate with its headquarters in Nigeria.
As a truly African Bank, they have committed their efforts to providing innovative services to help meet the personal and business needs of their customers.
The Bank has received some industrial recognition for its efforts in providing customer services and executing its corporate social responsibilities.
Notable among these awards are the “Global Financial Inclusion Award” by the Banker Magazine, the “Most Innovative Retail Banking Brand”, and best ‘CSR Bank” in Ghana, for the year 2020 by Global Brands as well as Best Company in Customer Service by Ghana Customer Service Index (GCSI).
Also, the Bank at the 2020 Sustainability and Social Investment Awards (SSI) ceremony, was adjudged, the “Best Company in Women Empowerment Project” and the “Best Company in Financial Literacy & Inclusion Project” category award at the same event.
Meanwhile, Mr. Olatunji was elated at the growth trajectory of the bank and praised the impactful efforts made by staff for achieving the great feat.
The Managing Director reassured that the Bank was well-positioned to maximize and return value to shareholders while contributing its quota to accelerate Ghana’s developmental agenda.
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