AccessHolding
{{Infobox company |
name = AccessHolding|
logo =|
type = Joint Stock Company|
company_slogan = |
foundation = 2006|
key_people = Thomas Engelhardt
Chairman|
num_employees = |
assets = €1 billion (*network 2014)|
revenue = |
industry = Development Finance|
products = Equity Finance
Management Services |
homepage = [http://www.accessholding.com/index.html 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.[http://www.mixmarket.org/funders/accessholding About AccessHolding]
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.[http://www.accessholding.com/Resources_Publications/Annual_Reports.html Audited December 2012 Annual Financial Report]
History
The company was founded in August 2006 by LFS Financial Systems GmbH (LFS).{{Cite web |url=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 |title=AccessHolding Was Formed On 30 October 2006 |access-date=16 September 2019 |archive-url=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 |archive-date=3 March 2016 |url-status=dead }} 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:[http://www.accessholding.com/Our_Network/ Members of the AccessBank Group]
- AccessBank Azerbaijan - Baku, Azerbaijan {{flagicon|Azerbaijan}} - Total Assets:US$597.4 million (2012) (16.5% shareholding)[http://www.accessbank.az/en/news/increases-share/ Shareholding In AccessBank Azerbaijan]
- [http://www.accessholding.com/Our_Network/ABM/ AccessBank Madagascar] - Antananarivo, Madagascar {{flagicon|Madagascar}} - Total Assets:US$39.1 million (2012) (55.2% shareholding)
- AccessBank Tanzania - Dar es Salaam, Tanzania {{flagicon|Tanzania}} - Total Assets:US$55.3 million (2012) (52.7% shareholding)
- [http://www.accessholding.com/Our_Network/ABN/ AB Microfinance Bank Nigeria] - Lagos, Nigeria {{flagicon|Nigeria}} - Total Assets:US$42.2 million (2012) (50.1% shareholding)
- AccessBank Liberia - Monrovia, Liberia {{flagicon|Liberia}} - Total Assets:US$24.3 million (2012) (55.6% shareholding)
- AccessBank Tajikistan - Dushanbe, Tajikistan {{flagicon|Tajikistan}} - Total Assets:US$23.4 million (2012) (63.4% shareholding)
- [http://www.accessholding.com/Our_Network/ABZ/ AB Bank Zambia] - Lusaka, Zambia {{flagicon|Zambia}} - Total Assets:US$8.3 million (2012) (51.0% shareholding)
- AB Bank Rwanda - Kigali, Rwanda {{flagicon|Rwanda}} - Total Assets:US$5.54 million (2013) (50.5% shareholding)
Ownership
{{asof|December 2013}}, the company stock is privately owned by the following corporate entities:[http://www.accessholding.com/About_Us/Shareholders1/ Shareholding In AccessHolding]
| style="font-size:100%;" | ||
| width="100%" align="center" | AccessHolding Stock Ownership | ||
| valign="top"
| {| class="wikitable sortable" style="margin-left:auto;margin-right:auto" ! style="width:2em;" |Rank !!Name of Owner!!Percentage Ownership | ||
| 1 | [https://web.archive.org/web/20131002024816/http://www.lfs-consulting.de/About_Us/ 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|date=March 2023}}
See also
External links
- [http://ifcext.ifc.org/ifcext/spiwebsite1.nsf/ProjectDisplay/SPI_DP24633 Company Overview At IFC.org]
- [http://www.accessholding.com/ Website of AccessHolding]