2019-Factsheet.Pdf
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FACTSHEET Overview ccess Bank is a full service b u s i n e s s p ra c t i c e s i n t o i t s commercial bank operating operations. The Bank strives to At h ro u g h b ra n c h e s a n d deliver sustainable economic service outlets located in major g r o w t h t h a t i s p r o fi t a b l e , OVERVIEW centres primarily across Nigeria and environmentally responsible and sub-Saharan Africa, as well as the socially relevant. United Kingdom (extension to United Arab Emirates (Dubai)), with In furtherance of its 5 year strategic representative offices in China, plan, the Bank went into a merger Lebanon, and India. The Group with defunct Diamond Bank Plc in provides a wide range of banking and 2019 to create one of the biggest other financial services to over 36 Banks in Africa in terms of customer million customers from over 660 base and assets size. branches and service centres. Listed on the Nigerian Stock Exchange in 1998, the Bank serves Access Bank its various markets through four business segments: Personal, strives to deliver B u s i n e s s , C o m m e r c i a l a n d Corporate & Investment Banking. Th e B a n k h a s ov e r 8 3 0 , 0 0 0 sustainable shareholders including several N i g e r i a n a n d I n t e r n a t i o n a l economic growth Institutional Investors and has enjoyed what is arguably Africa's that is profitable, most successful banking growth trajectory in the last seventeen years ranking amongst Africa's top 20 environmentally banks by total assets and customer deposit in 2019. responsible and As part of its continued growth socially relevant. strategy, Access Bank is focused on m a i n s t r e a m i n g s u s t a i n a b l e 2019 01 Factsheet Subsidiaries 10 Distribution Fundamental Network as at Statistics December Rep 31, 2019 Offices 3 Number of Number of Customers Customers as 36mn+ at December 31, 2019 Men Staff Professional Strength Staff as at 6,898 December 31, 2019 Women 2019 03 Factsheet CREDIT RATINGS Channels Alternate Channels Long-Term Issuer Ratings Dec. 2019 Counterparty National B (Stable) A Number of Branches B (Stable) A+ 667 B2 (Stable) A1 (Stable) ATMs N/A AA-(Stable) 3,080 LISTINGS Stock Exchange Debt/Equity Listing Coupon Rate POS Terminals 40,860 Primary equity listing - STRONG FINANCIAL INDICATORS $300m Senior 17.7% 18.2% 5.8% 47.0% 10.50% bond (2021) N15bn Green Bond 15.50% (2024) N30b Local bond 15.50% (2026) After-Tax ROAE Total Capital Adequacy NPL Ratio Liquidity Ratio 2019 05 Factsheet Parent Company Our International Presence PBT (N’bn) 83 PBT (N’bn) 0.5 Equity (N’bn) 543 Equity (N’bn) 12 The Bank's strategic intent includes expansion into high-impact EMEA countries, Employees 5,878 Employees 84 582 Branches R.D. CONGO Branches 5 the Bank has successfully established representative offices in: NIGERIA PBT (N’bn) 21 PBT (N’bn) 0.3 Equity (N’bn) 118 Equity (N’bn) 1.6 Employees 139 Employees 50 THE UK Branches 3 Branches 4 supported by a strong compliance and risk management framework. In addition to SIERRA LEONE the above, Access UK has established a branch in Dubai. PBT (N’bn) 15 Equity (N’bn) 51 PBT (N’mn) 4 10 Employees 546 Equity (N’mn) 9 GHANA Branches 52 DIAMOND BANK B.V PBT (N’bn) 0.4 Equity (N’bn) 4 Employees 89 Equity (N’bn) 5 RWANDA Branches 8 ACCESS BANK GUINEA PBT (N’bn) 0.8 Equity (N’bn) 7 PBT (N’bn) 0.4 Employees 80 Equity (N’bn) 4 ZAMBIA Branches 7 ACCESS PFC PBT (N’bn) 0.2 Equity (N’bn) 4 Employees 32 GAMBIA Branches 6 2019 07 Factsheet FINTECHNGR RECOGNITION KARLSRUHE SUSTAINABLE AWARD, 2019 FINANCE AWARDS, 2019 » Ecosystem Recognition Award » Outstanding Business Sustainability SUSTAINABILITY, ENTERPRISE EMEA FINANCE (AFRICAN AND RESPONSIBILITY AWARDS BANKING AWARDS), 2019 (SERAS), 2019 » Best Bank, Nigeria » Best in Partnership for Development » Best Product Launch, Pan-Africa » Best in Sustainability Reporting » Best Corporate Communications Team Best in Climate Action » » Most Responsible Company of the Year/ O verall Winner GLOBAL BRANDS MAGAZINE AWARDS, 2019 » Best CSR Banking Brand, Nigeria » Best Bank for Investor Relations, Nigeria » Fastest Growing Digital Banking Brand, Nigeria WORLD FINANCE AWARDS, 2019 » Most Sustainable Bank, Nigeria » Best Digital Bank, Nigeria Awards & » Best Mobile Banking Application, Nigeria » Best Consumer Digital Bank, Nigeria CBN SUSTAINABILITY AWARDS, 2019 Recognition » Sustainable Bank of the Year, » Sustainable Transaction of the Year (Oil and Gas In honour of its defining roles across the African continent, Access Bank Sector) has been accorded recognition by reputable domestic and global organisations. FMDQ GOLD AWARDS 2019 » Sustainable Transaction of the Year (Agriculture) » Sustainable Transaction of the Year (Power) Some of the recognitions in the year: » Largest Corporate Bond Issuer on » Excellence in Women Economic Empowerment, » FMDQ, Nigeria » FMDQ Fixed Income Market Liquidity Provider Award, Nigeria 2019 09 Factsheet DIRECTORS Adeniyi Adekoya **Okey Nwuke AS AT Independent Non-Executive Director Non-Executive Director DECEMBER Herbert Wigwe Group Managing Director/ 2019 Chief Executive Officer * Appointed effective November 7, 2019 ** Appointed effective November 19, 2019 *** Appointed effective March 22, 2019 Mosunmola Belo-Olusoga Chairman Iboroma Akpana Victor Etuokwu Independent Non-Executive Director Executive Director Roosevelt Ogbonna Group Deputy Managing Director Anthonia Ogunmefun Paul Usoro, SAN *Ifeyinwa Osime Adeolu Bajomo Non-Executive Director Non-Executive Director Independent Non-Executive Director Executive Director Gregory Jobome Executive Director Abba Mamman Tor Habib Ernest Ndukwe, OFR Ajoritsedere Awosika, MFR Hadiza Ambursa ***Chizoma Okoli Executive Director Executive Director Non-Executive Director Independent Non-Executive Director Independent Non-Executive Director 2019 11 Factsheet he Bank's five years (2018 - 2022) strategic intent is to become Africa's Gateway to the world, which Tis to be achieved by being the number one Bank in Nigeria by rapidly growing its retail base. To deliver this transformation, Access Bank took deliberate strides towards achieving its overall retail strategy. We are proud to have successfully completed the merger with the defunct Diamond Bank, the results of this merger are evident in the 2019 Financial Results. Access Bank is a leading Tier 1 Nigerian bank and the largest bank in Africa in terms of number of total assets, customers and deposits. The next phase of our strategy is the expansion of our African footprint in key African markets in line with the strategic objectives. We are exceptionally pleased with the Bank's recent expansions into Kenya, Guinea and the Republic of Cameroon. In the course of the next two years, the Bank would have also expanded into additional countries Access-Diamond including Mozambique, Cote D'ivoire, and Angola. Access Bank took deliberate strides towards achieving its overall retail strategy. We are proud to have successfully MERGER completed the merger with the defunct Diamond Bank, the results of this merger are evident in the 2019 Financial Results. 2019 13 Factsheet Gross Earnings Operating Income Group 667 389 Financial 529 312 Highlights *underlying in billions of Naira unless otherwise stated 2018 2019 2018 2019 26% 25% Profit Before Tax Profit for the Period Shareholders' Fund '000 115 98 610 103 95 491 2018 2019 2018 2019 2018 2019 12% 3% 24% Cost-to-Income (%) Loans and Advances Return on Average Equity (%) 65.2 3064 17.7% 62.2 2136 19.0% 2018 2019 2018 2019 2018 2019 5% 43% -1.2 Total Assets Customer Deposits 7147 4256 Group Financial 4954 2565 Highlights 2018 2019 2018 2019 44% 66% 2019 15 Factsheet SBU PERFORMANCE Access Bank operates four strategic business units (SBUs) that serve over eight million customers: Serves multinationals and well-structured ₦1,370bn ₦1,239bn Corporate & companies with annual 27% Investment gross turnover in customer in customer Banking in excess of ₦10bn Contribution loans deposits to PBT Serves corporate organizations with annual gross turnover ₦1,283bn ₦880bn between ₦1bn and in customer in customer ₦10bn, as well as 33% Commercial loans deposits Banking federal entities Contribution to PBT Serves small and medium enterprises (SMEs) with ₦144bn ₦316bn annual gross turnover SBU in customer in customer less than ₦1bn, as well 4% loans deposits Business as micro-SMEs Banking Contribution Performance to PBT Serves Ultra High- and High-Net-Worth Individuals (UHNIs & HNIs), ₦115bn ₦1,821bn Affluent Professionals, in customer in customer Employees in the Value loans deposits Personal Chain, Students and 36% Banking Pensioners, with focus on women Contribution to PBT 2019 17 Factsheet Profit Before Tax (₦'bn) Deposit Contribution (₦'bn) % % % % Dec ‘19 Dec ‘18 Dec ‘19 Dec ‘18 Dec ‘19 Dec ‘18 Dec ‘19 Dec ‘18 Corporate & Corporate & Investment Banking 30.9 86.3 27% 68% Investment Banking 1,239 1,008 29% 39% Commercial 38.1 27.9 33% 22% Commercial 880 806 21% 31% Banking Banking Personal 4.8 5.4 4% 4% Personal 316 331 7% 13% Banking Banking Personal Personal 1,821 435 43% 17% Banking 41.6 7.0 36% 6% Banking Total 115.4 126.6 100% 100% Total 4,256 2,580 100% 100% Loan Contribution (₦'bn) % % Dec ‘19 Dec ‘18 Dec ‘19 Dec ‘18 Corporate & Investment Banking 1,370 791.0 47% 37% Commercial 1,283 1,237.1 44% Banking 58% Personal 144 61.9 5% 3% Banking Personal 115 2% Banking 46.1 4% Total 2,911.6 2,136.1 100% 100% 2019 19 Factsheet Operating Income (₦'bn) Cost-to-Income Ratio (CIR) 235 273 295 312 389 62.0% 58.8% 61.9% 62.2% 65.2% FY 2015 FY 2016 FY 2017 FY 2018 FY 2019 FY 2015 FY 2016 FY 2017 FY 2018