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]

  1. AccessBank Azerbaijan - Baku, Azerbaijan - Total Assets:US$597.4 million (2012) (16.5% shareholding)[5]
  2. AccessBank Madagascar - Antananarivo, Madagascar - Total Assets:US$39.1 million (2012) (55.2% shareholding)
  3. AccessBank Tanzania - Dar es Salaam, Tanzania - Total Assets:US$55.3 million (2012) (52.7% shareholding)
  4. AB Microfinance Bank Nigeria - Lagos, Nigeria - Total Assets:US$42.2 million (2012) (50.1% shareholding)
  5. AccessBank Liberia - Monrovia, Liberia - Total Assets:US$24.3 million (2012) (55.6% shareholding)
  6. AccessBank Tajikistan - Dushanbe, Tajikistan - Total Assets:US$23.4 million (2012) (63.4% shareholding)
  7. AB Bank Zambia - Lusaka, Zambia - Total Assets:US$8.3 million (2012) (51.0% shareholding)
  8. 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
Rank Name of OwnerPercentage Ownership
1 LFS Financial Systems GmbH of Germany18.63
2CDC Group Plc. of United Kingdom13.74
3European Investment Bank13.74
4International Finance Corporation (IFC)13.74
5KfW Development Bank of Germany13.74
6The Omidyar-Tufts Microfinance Fund (OTMF)13.74
7FMO of the Netherlands9.75
8MicroAssets GbR of Germany2.93
Total100.00

See also

External links

Notes and References

  1. http://www.mixmarket.org/funders/accessholding About AccessHolding
  2. http://www.accessholding.com/Resources_Publications/Annual_Reports.html Audited December 2012 Annual Financial Report
  3. 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 .
  4. http://www.accessholding.com/Our_Network/ Members of the AccessBank Group
  5. http://www.accessbank.az/en/news/increases-share/ Shareholding In AccessBank Azerbaijan
  6. http://www.accessholding.com/About_Us/Shareholders1/ Shareholding In AccessHolding