AccessHolding
TypeJoint Stock Company
IndustryDevelopment Finance
Founded2006
HeadquartersBerlin, Germany
Key people
Thomas Engelhardt
Chairman
ProductsEquity Finance
Management Services
Total assets€1 billion (*network 2014)
WebsiteHomepage

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 Azerbaijan - Total Assets:US$597.4 million (2012) (16.5% shareholding)[5]
  2. AccessBank Madagascar - Antananarivo, Madagascar Madagascar - Total Assets:US$39.1 million (2012) (55.2% shareholding)
  3. AccessBank Tanzania - Dar es Salaam, Tanzania Tanzania - Total Assets:US$55.3 million (2012) (52.7% shareholding)
  4. AB Microfinance Bank Nigeria - Lagos, Nigeria Nigeria - Total Assets:US$42.2 million (2012) (50.1% shareholding)
  5. AccessBank Liberia - Monrovia, Liberia Liberia - Total Assets:US$24.3 million (2012) (55.6% shareholding)
  6. AccessBank Tajikistan - Dushanbe, Tajikistan Tajikistan - Total Assets:US$23.4 million (2012) (63.4% shareholding)
  7. AB Bank Zambia - Lusaka, Zambia Zambia - Total Assets:US$8.3 million (2012) (51.0% shareholding)
  8. AB Bank Rwanda - Kigali, Rwanda Rwanda - 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
1LFS 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
  • MicroAssets GbR is the employee investment company owned by the staff of LFS Financial Systems GmbH.

See also

References

  1. ↑ About AccessHolding
  2. ↑ Audited December 2012 Annual Financial Report
  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
  5. ↑ Shareholding In AccessBank Azerbaijan
  6. ↑ Shareholding In AccessHolding
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