The Managing Director of Access Bank Ghana, Olumide Olatunji, has said that the bank will continue to invest in its digital infrastructure in the coming months and years.
He said the bank would also enhance customer experience and leverage strategic partnerships to serve its markets and customers better. Commenting on the bank’s outlook for the year when it took its turn at the Facts Behind the Figures session, Mr Olatunji said the bank would continue to pursue its expansion drive through the opening of new branches and agency banking outlets.
This, he said, would help bring physical banking closer to customers.
Facts Behind the Figures is a platform provided by the Ghana Stock Exchange, which allows listed companies to present their performance to key stakeholders, investors and the public.
Return to profit
Shareholders of the bank who were present at the programme commended the bank for its strong return to profitability in the first half of the year after the Domestic Debt Exchange Programme which had a toll on the entire banking sector last year.
Olatunji noted that the bank recorded an impressive 65 per cent year-on-year growth in profit after tax, 28 per cent growth in loans and advances and a 19 per cent growth in total assets.
He said this was an indication of stringent and sound financial measures employed by the Bank. Commenting on sustainability and financial inclusion, Executive Director for Wholesale Banking at Access Bank, James Bruce, and Executive Director for Retail and Digital Banking, Pearl Nkrumah, both highlighted the bank’s efforts at promoting financial inclusion and sustainability.
The Chief Finance Officer of the Bank, Michael Gyabaah, also noted that Access Bank had demonstrated strong and disciplined growth over time, which had positioned it to return value to shareholders. He indicated that the Bank remained in a strong financial position to support the Ghanaian economy to make a full recovery from the challenges of 2022.