July 05, (THEWILL) – In recognition of its outstanding performance, Access Holdings PLC has been named the leading Tier-1 Bank in the 2024 Proshare Bank Strength Index (PBSI) report. THEWILL reports that Tier 1 describes an institution’s core capital or the core asset holdings of a bank. These assets are usually the most stable and liquid assets a bank possesses, with high-risk aversion.
Tier 1 capital includes shareholder equity and retained earnings. The PBSI, which evaluates banks based on a comprehensive set of financial metrics derived from audited financial statements for the Financial Year 2023, underscores Access Holdings’ significant strides in the banking sector. Proshare’s latest report places Access Holdings at the forefront, alongside other prominent institutions such as Zenith Bank, FBNH, Ecobank, UBA and GTCO.
As the Nigerian banking sector evolves, Access Holdings stands out for its proactive approach to addressing macro and microeconomic risks. The report draws parallels to the challenges faced by United States banks, such as Silicon Valley, First Republic, and Signature Banks, in 2023, due to poor asset and liability management (ALM). With the Central Bank of Nigeria’s ongoing banking sector recapitalisation programme, the report highlights the importance of investment in financial technology, customer service scalability and digital asset engineering between 2024 and 2026.
The analysts emphasise that “With higher capital levels, banks must use t.
