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AccessHolding

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AccessHolding
Company typeJoint Stock Company
IndustryDevelopment Finance
Founded2006
HeadquartersBerlin, Germany
Key peopleThomas 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.

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.

History

The company was founded in August 2006 by LFS Financial Systems GmbH (LFS). 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:

  1. AccessBank Azerbaijan - Baku, Azerbaijan Azerbaijan - Total Assets:US$597.4 million (2012) (16.5% shareholding)
  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:

AccessHolding Stock Ownership
Rank Name of Owner Percentage 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
8 MicroAssets GbR of Germany 2.93
Total 100.00
  • MicroAssets GbR is the employee investment company owned by the staff of LFS Financial Systems GmbH.

See also

External links

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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