AccessHolding explained
AccessHolding |
Type: | Joint Stock Company |
Foundation: | 2006 |
Location: | Berlin, Germany |
Key People: | Thomas Engelhardt Chairman |
Assets: | €1 billion (*network 2014) |
Industry: | Development Finance |
Homepage: | 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]
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]
- 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
, the company stock is privately owned by the following corporate entities:[6]
AccessHolding Stock Ownership |
| |
- MicroAssets GbR is the employee investment company owned by the staff of LFS Financial Systems GmbH.
See also
External links
Notes and References
- http://www.mixmarket.org/funders/accessholding About AccessHolding
- http://www.accessholding.com/Resources_Publications/Annual_Reports.html Audited December 2012 Annual Financial Report
- Web site: AccessHolding Was Formed On 30 October 2006 . 16 September 2019 . https://web.archive.org/web/20160303220810/http://www.microcapitalmonitor.com/cblog/index.php?%2Farchives%2F448-European-Microfinance-Company-Access-Holding-AG-Announces-Intent-to-Go-the-ProCredit-Way.-Various-Development-Banks-and-Omidyar-Tufts-Microfinance-Fund-Purchase-Equity-in-the-Newly-Founded-Company..html . 3 March 2016 . dead .
- http://www.accessholding.com/Our_Network/ Members of the AccessBank Group
- http://www.accessbank.az/en/news/increases-share/ Shareholding In AccessBank Azerbaijan
- http://www.accessholding.com/About_Us/Shareholders1/ Shareholding In AccessHolding