AccessHolding

Last updated
AccessHolding
Company typeJoint Stock Company
IndustryDevelopment Finance
Founded2006
Headquarters Berlin, Germany
Key people
Thomas Engelhardt
Chairman
Products Equity Finance
Management Services
Total assets €1 billion (*network 2014)
Website Homepage

Access Microfinance Holding AG, often referred to as AccessHolding, is a commercial microfinance investment and holding company based in Germany. AccessHolding specializes in start-ups and early-stage microfinance institutions (MFIs). It will establish new MFIs together with other partners, and transform existing non-bank microlending institutions into full-service microfinance banks. [1]

Contents

Overview

AccessHolding is an investor and technical manager in a network of microfinance banks in developing and emerging countries. In 2012, the group banks' total assets were valued at approximately €1 billion, with shareholders' equity of about €170 million. [2]

History

The company was founded in August 2006 by LFS Financial Systems GmbH (LFS). [3] LFS is a German business and financial consulting firm based in Berlin. It has special expertise in developing and emerging markets.

AccessBank Group

The member banks of the AccessBank Group include the following: [4]

  1. AccessBank Azerbaijan - Baku, Azerbaijan Flag of Azerbaijan.svg - Total Assets:US$597.4 million (2012) (16.5% shareholding) [5]
  2. AccessBank Madagascar Archived 2013-10-21 at the Wayback Machine - Antananarivo, Madagascar Flag of Madagascar.svg - Total Assets:US$39.1 million (2012) (55.2% shareholding)
  3. AccessBank Tanzania - Dar es Salaam, Tanzania Flag of Tanzania.svg - Total Assets:US$55.3 million (2012) (52.7% shareholding)
  4. AB Microfinance Bank Nigeria [ permanent dead link ] - Lagos, Nigeria Flag of Nigeria.svg - Total Assets:US$42.2 million (2012) (50.1% shareholding)
  5. AccessBank Liberia - Monrovia, Liberia Flag of Liberia.svg - Total Assets:US$24.3 million (2012) (55.6% shareholding)
  6. AccessBank Tajikistan - Dushanbe, Tajikistan Flag of Tajikistan.svg - Total Assets:US$23.4 million (2012) (63.4% shareholding)
  7. AB Bank Zambia - Lusaka, Zambia Flag of Zambia.svg - Total Assets:US$8.3 million (2012) (51.0% shareholding)
  8. AB Bank Rwanda - Kigali, Rwanda Flag of Rwanda.svg - Total Assets:US$5.54 million (2013) (50.5% shareholding)

Ownership

As of December 2013, the company stock is privately owned by the following corporate entities: [6]

AccessHolding Stock Ownership
RankName of OwnerPercentage Ownership
1 LFS Financial Systems GmbH of Germany 18.63
2 CDC Group Plc. of United Kingdom 13.74
3 European Investment Bank 13.74
4 International Finance Corporation (IFC)13.74
5 KfW Development Bank of Germany 13.74
6 The Omidyar-Tufts Microfinance Fund (OTMF)13.74
7 FMO of the Netherlands 9.75
8MicroAssets GbR of Germany 2.93
Total100.00

See also

References

  1. ↑ "About AccessHolding". Archived from the original on 2014-01-15. Retrieved 2013-10-17.
  2. ↑ "Audited December 2012 Annual Financial Report". Archived from the original on 2013-10-21. Retrieved 2013-10-16.
  3. ↑ "AccessHolding Was Formed On 30 October 2006". Archived from the original on 3 March 2016. Retrieved 16 September 2019.
  4. ↑ "Members of the AccessBank Group". Archived from the original on 2013-10-21. Retrieved 2013-10-16.
  5. ↑ Shareholding In AccessBank Azerbaijan
  6. ↑ "Shareholding In AccessHolding". Archived from the original on 2013-10-21. Retrieved 2013-10-16.
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