Page 16 - ACCESS BANK ANNUAL REPORTS_eBook
P. 16
2017 financial year were due to the collaborative and pas- an additional sum not exceeding USD 500,000,000.00 (Five
sionate work culture of all our employees. We will continue Hundred million United States Dollars) to the existing USD
to improve their collective buy-in into the Bank’s strategic 1,000,000,000 (One billion US Dollars) programme and will
vision whilst rewarding them for their contributions. be issued in tranches as may be required. I therefore urge
shareholders to approve the necessary resolutions to be
2018-2022 Strategy presented at this meeting in this regard.
In 2013, the Bank set a bold goal to attain top three position LOOKING FORWARD
in key metrics in its chosen market by 2017. I am delight-
ed to report that this goal was reasonably achieved by the An eventful year has passed and a new one has begun. Even
end of 2017 in spite of daunting challenges. However, there though elements in the global and domestic economic en-
are significant lessons learnt given our macro-economic vironment and prospects now seem more favourable, the
and regulatory environment, which will prove invaluable for financial markets still face uncertainties created by struc-
the next 5 years. Following the end of the 2013-2017 plan turally lower economic growth over a prolonged period and
period, our Bank has embarked on an ambitious journey to an uncertain political outlook in some of the geographies
become Africa’s Gateway to the World within the next five we operate.
years.
As we move on to the next phase of our growth story, the
In the pursuit of our strategic growth objectives, the Board Board is positive that we will achieve our growth aspirations
is committed to strengthening the Bank’s funding and through a sustained and sharp focus on our strategic pri-
capital base as well as profitability through a robust capital orities. Operating efficiency will remain at the heart of our
structure. This need is underscored by the growing scale decisions and we will continue to focus on effective execu-
of regulatory headwinds and economic realities which have tion of our strategy and on delivering value to shareholders.
put demands on liquidity and capital. In furtherance of this,
the Board deems it necessary to further bolster the Bank’s I would like to thank our customers and shareholders for
capital and funding base through the issuance of debt se- their support during 2017, and above all our great people
curities including non-convertible loans, notes, bonds, and for their hard work and relentless commitment to Access
or any other instruments that are considered appropriate Bank.
for the Bank to meet its growth objectives. This will be for
We will continue to improve
the collective buy-in of all
employees into the Bank’s
strategic vision whilst rewarding
them for their contributions.
-MOSUN BELO-OLUSOGA,
CHAIRMAN
16 Access BAnk Plc
Annual Report & Accounts 2017