Access Bank, Nigeria’s largest bank, said that its wholly owned subsidiary, Access Bank UK is well positioned to become one of the top 20 banks in the United Kingdom, generating profit of about $1 billion annually by 2027.

This was disclosed by the Chief Executive Officer of Access Bank, Roosevelt Ogbonna, at a ‘Facts Behind the Right Issue Presentation by Access Holdings Plc’ in Lagos on Tuesday, just as the bank urged shareholders to participate actively in its ongoing right issue.

He added that the projection underscored the company’s commitment to becoming a global banking leader for expansive growth and robust financial performance.

Highlighting the bank’s vision of transforming into Africa’s gateway to the world, he said, “We are positioning ourselves to be one of the most respected banks globally, focusing on superior service across three continents and spanning 22 countries, including the UAE and the UK.”

 According to Ogbonna, the bank’s customer base is expected to grow to 125 million by 2027, further cementing its market leadership.

“Our journey from a handful of branches to a global presence showcases our dedication to sustainable growth.

 “By 2027, we aim to be one of the top five banks globally, powering trade across the continent and providing superior services to our customers,” Ogbonna reiterated.