Fintech Association Of Kenya’s Post

Access Bank Leads Nigerian Banking Sector in 2024 PBSI Rankings. Access Bank Plc has been recognized as the top Tier-1 bank in the 2024 Proshare Bank Strength Index report (PBSI). This recognition was a result of an evaluation through comprehensive financial metrics derived from audited financial statements for the Financial Year 2023 The PBSI report places Access bank at the forefront of the Nigerian banking industry, alongside other prominent institutions such as Zenith Bank Plc, FBNHoldings Plc, Ecobank Transnational Incorporated, UBA Group, and Guaranty Trust. According to the report, Access Banks' proactive approach to addressing macro and microeconomic risks has been a key factor in its outstanding performance. As the Nigerian banking sector continues to evolve, the Central Bank of Nigeria's ongoing recapitalisation programme highlights the importance of investments in financial technology, customer service scalability, and digital asset engineering. The report emphasizes that higher capital levels should be leveraged to enhance shareholder returns and customer service experiences, warning that banks lacking a deliberate strategy to transition from cash flow to value creation may struggle.

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