Aigboje Aig-Imoukhuede, the Chairman of Access Holdings says the company has completed the phase that transformed it into one of Africa’s largest banking groups.
The next challenge is convincing investors that all that growth can generate the returns they have been waiting for.
Speaking after Access Holdings’ fourth annual general meeting in Lagos, Nigeria on Wednesday, the group chairman declared that the bank’s acquisition era is effectively over, signalling a strategic shift from expansion to value creation as the lender seeks to close the valuation gap with rivals and position itself alongside South Africa’s Standard Bank.
“Our ambition was not for you to see our performance in the lens of Access is a great bank and compare us to GTCO or Zenith,” Aig-Imoukhuede told journalists.
“Our ambition was for you to see us as Access is a great bank, compare us to Standard Bank of Africa.”
