Access Holdings Plc reported profit after tax of ₦474.2 billion for the nine months ended September 30, 2026, up 5.9 per cent from the same period in 2025. The group’s unaudited results, announced on November 2, also showed profit before tax rising 8.3 per cent to ₦667.4 billion.
Key Highlights
- Profit after tax rose 5.9 per cent to ₦474.2 billion.
- Profit before tax increased 8.3 per cent to ₦667.4 billion.
- Impairment charges fell 73.5 per cent to ₦92.9 billion.
- Total assets reached ₦52.6 trillion, with customer deposits at ₦36.8 trillion.
- International operations contributed 82.2 per cent of banking group profit before tax.
- The company said it is progressing capital recalls from banking subsidiaries to meet a statutory investment threshold.
Access Holdings Profit and Interest Income Rise
According to the company’s nine-month 2026 unaudited results, interest income increased 6.9 per cent to ₦3.1 trillion, while net interest income grew 2.7 per cent to ₦1.3 trillion.
Impairment charges declined 73.5 per cent to ₦92.9 billion. Net interest income after impairment consequently rose 32.1 per cent to ₦1.2 trillion.
Fee and commission income increased 8.4 per cent to ₦650.9 billion, while net fee and commission income rose 12.4 per cent to ₦534.9 billion. Core operating income grew 5.4 per cent to ₦1.83 trillion.
Higher Costs Weigh on Operating Income
Operating expenses increased 11.8 per cent to ₦1.3 trillion, while total other operating income fell 40.8 per cent to ₦234.5 billion. As a result, operating income declined 3.2 per cent to ₦2.06 trillion.
Access Holdings said its Scale-to-Value strategy is focused on improving execution, risk governance, capital allocation, operating efficiency and the quality of earnings as the group works to generate sustainable shareholder returns.
Total Assets Reach ₦52.6 Trillion
Total assets stood at ₦52.6 trillion as of September 30, 2026, up 1.7 per cent from the end of 2025. Customer deposits rose 6.6 per cent to ₦36.8 trillion, while loans and advances increased 7.4 per cent to ₦14.3 trillion. Shareholders’ funds were ₦4.5 trillion.
International Operations Contribute 82.2% of Banking Profit
The banking group accounted for 96 per cent of Access Holdings’ unaudited profit before tax. Operations outside Nigeria contributed 82.2 per cent of banking group profit before tax: 43.7 per cent came from international banking subsidiaries and 38.5 per cent from the rest of Africa. Nigeria contributed the remaining 17.8 per cent.
The company said it would continue to focus on trade finance, transaction banking, payments and treasury services across its markets, alongside regulatory compliance and operational efficiency.
Access Holdings Reports Progress on Capital Requirements
Access Holdings said it had identified capital recalls from six banking subsidiaries to bring Access Bank’s investment in subsidiaries within the 10 per cent limit under Section 19(8)(c) of the Banks and Other Financial Institutions Act.
The company said the recall process had been completed in one subsidiary, while shareholder approvals had been obtained in four of the remaining five. Regulatory approvals were progressing across those five subsidiaries. Any future dividend payments remain subject to the group’s financial position, available reserves, capital requirements and board approval.
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