Access Bank CEO Sees Profit Boost From Retail Business

Access Bank, now Nigeria's largest bank by assets, discusses its strategic focus on retail banking to enhance profitability following its acquisition of Diamond Bank. CEO Herbert Wigwe outlines plans to reduce costs and improve capital adequacy while addressing non-performing loans. The bank supports Central Bank measures to stimulate lending to SMEs, aiming for economic growth despite challenges like inflation and high government bond yields.

What significant change occurred to Access Bank's assets earlier this year?

How does Herbert Wigwe plan to improve Access Bank's profitability compared to its rivals?

What is Access Bank's current customer base following the acquisition of Diamond Bank?

What measures is Access Bank taking to manage its non-performing loans?

How does Access Bank plan to achieve its target for non-performing loans in the coming years?

What is Herbert Wigwe's view on the Central Bank's measures to encourage lending?

What are the expected outcomes of the Central Bank's policy changes for Access Bank?