Access Bank Plc, Nigeria’s biggest lender is looking to generate as much as 30% of profit outside its home market, following a series of acquisitions spanning East and West Africa last year.
The lender expects African subsidiaries and its U.K. unit to account for about 25-30% of profit before tax in the next three to five years from 21% in the third quarter, it said in response to questions via WhatsApp. The same range of addition to pre-tax profit is projected to assets, deposits and revenue, it said.
