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]
Company type | Joint Stock Company |
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Industry | Development Finance |
Founded | 2006 |
Headquarters | Berlin, Germany |
Key people | Thomas Engelhardt Chairman |
Products | Equity Finance Management Services |
Total assets | €1 billion (*network 2014) |
Website | Homepage |
Overview edit
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 edit
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 edit
The member banks of the AccessBank Group include the following:[4]
- AccessBank Azerbaijan - Baku, Azerbaijan - Total Assets:US$597.4 million (2012) (16.5% shareholding)[5]
- AccessBank Madagascar - Antananarivo, Madagascar - Total Assets:US$39.1 million (2012) (55.2% shareholding)
- AccessBank Tanzania - Dar es Salaam, Tanzania - Total Assets:US$55.3 million (2012) (52.7% shareholding)
- AB Microfinance Bank Nigeria - Lagos, Nigeria - Total Assets:US$42.2 million (2012) (50.1% shareholding)
- AccessBank Liberia - Monrovia, Liberia - Total Assets:US$24.3 million (2012) (55.6% shareholding)
- AccessBank Tajikistan - Dushanbe, Tajikistan - Total Assets:US$23.4 million (2012) (63.4% shareholding)
- AB Bank Zambia - Lusaka, Zambia - Total Assets:US$8.3 million (2012) (51.0% shareholding)
- AB Bank Rwanda - Kigali, Rwanda - Total Assets:US$5.54 million (2013) (50.5% shareholding)
Ownership edit
As of December 2013[update], the company stock is privately owned by the following corporate entities:[6]
AccessHolding Stock Ownership | ||||||||||||||||||||||||||||||
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- MicroAssets GbR is the employee investment company owned by the staff of LFS Financial Systems GmbH.[citation needed]
See also edit
External links edit
References edit
- ^ About AccessHolding
- ^ Audited December 2012 Annual Financial Report
- ^ "AccessHolding Was Formed On 30 October 2006". Archived from the original on 3 March 2016. Retrieved 16 September 2019.
- ^ Members of the AccessBank Group
- ^ Shareholding In AccessBank Azerbaijan
- ^ Shareholding In AccessHolding