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:
AccessBank Azerbaijan - Baku, Azerbaijan - Total Assets:US$597.4 million (2012) (16.5% shareholding)Shareholding In AccessBank Azerbaijan 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:
AccessHolding Stock OwnershipRank Name of OwnerPercentage Ownership1 LFS Financial Systems GmbH of Germany18.632CDC Group Plc. of United Kingdom13.743European Investment Bank13.744International Finance Corporation (IFC)13.745KfW Development Bank of Germany13.746The Omidyar-Tufts Microfinance Fund (OTMF)13.747FMO of the Netherlands9.758MicroAssets GbR of Germany2.93 Total100.00 MicroAssets GbR is the employee investment company owned by the staff of LFS Financial Systems GmbH.
See also Development finance institution
External links Company Overview At IFC.org Website of AccessHolding
References