AccessHolding

AccessHolding
Company type	Joint Stock Company
Industry	Development Finance
Founded	2006
Headquarters	Berlin, Germany
Key people	Thomas Engelhardt; Chairman
Products	Equity Finance; Management Services
Total assets	€1 billion (*network 2014)
Website	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

As of December 2013^[update], the company stock is privately owned by the following corporate entities:^[6]

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.^{[citation needed]}

External links

References

^ About AccessHolding
^ Audited December 2012 Annual Financial Report
^ "AccessHolding Was Formed On 30 October 2006". Archived from the original on 3 March 2016. Retrieved 16 September 2019.
^ Members of the AccessBank Group
^ Shareholding In AccessBank Azerbaijan
^ Shareholding In AccessHolding

[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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