AccessBank_Tanzania
Access Microfinance Bank Tanzania (AMBT), is a microfinance bank located in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.[5][6]
| Company type | Private company |
|---|---|
| Industry | Financial services |
| Founded | November 21, 2007; 16 years ago (2007-11-21) |
| Headquarters | Dar es Salaam, Tanzania |
Key people | Dr Bernd Zattler Chairman Julius Ruwaichi Chief Executive Officer[1] |
| Products | Loans, checking, savings, investments, debit cards |
| Revenue |  Aftrtax:TSh 687 million (US$302,000) (June 2017)[2] |
| Total assets | TSh 207.2 billion (US$91 million) (June 2017)[2] |
| Owner | AccessHolding (66.11%); IFC (13.06%); MicroVest (9.04%); KfW (6.73%); AfDB (5.06%); |
Number of employees | 634 (2018)[3] 776 (2017)[4] |
| Website | www |
AMBT is a Microfinance Bank that focuses on the micro-finance sector, serving micro, small and medium-sized enterprises. AccessBank Tanzania is a member of the AccessBank Group, which is composed of microfinance institutions in Sub-Saharan Africa, Central Asia, and South America, who are majority owned by the AccessHolding conglomerate.[7]
In 2016, the bank served 225,928 savings clients, had 31,798 loan clients, 29 percent of whom were women, and 2 percent of all clients were rural based. As of 2017[update], the bank's total assets were valued at TSh 207.2 billion (US$91 million), with shareholders' equity of TSh 31.73 billion (US$14 million).[8][2]
The shareholding in the stock of the bank is illustrated in the table below:[9]
| Rank | Name of Owner | Percentage Ownership |
|---|---|---|
| 1 | AccessHolding | 66.11 |
| 2 | International Finance Corporation | 13.06 |
| 3 | MicroVest | 9.04 |
| 4 | KfW | 6.73 |
| 5 | African Development Bank | 5.06 |
| Total | 100.00 | |
1 - "MicroVest is a private, for-profit investment group dedicated to reducing global poverty by applying a commercial framework to investing".
As of July 2018, ABT maintained branches at the following locations:[10][11]
- Kijitonyama Branch - Derm House, New Bagamoyo Road, Kijitonyama, Dar es Salaam Main Branch
- Lumumba Branch - Summit Tower, Lumumba Road, Dar es Salaam
- Temeke Branch - Temeke Street, Dar es Salaam
- Mwanza (Pamba anza B)rh II - Kishimba Building, Pamba Road, Mwanza
- Kahama Branch - Isaka Road, Kahama
- Tabora Branch - NSSF Building, Jamhuri Road, Tabora
- Mbeya Branch - Mbeya
- Iringa Branch - Iringa
Dr. Bernd Zattler, a national of Germany, serves as the chairman of the five-person board of directors.[12] The managing director and CEO of the bank is Mr Ruwaichi Julius[1]
- Elinaza, Abduel (12 April 2014). "Tanzania: Accessbank Upbeat About Future Despite Challenges". Tanzania Daily News via AllAfrica.com. Dar es Salaam. Retrieved 18 July 2018.
- AccessBank Tanzania (25 July 2017). "Financial Statements for the Quarter Ended 30 June 2017" (PDF). Dar es Salaam: AccessBank Tanzania. Archived from the original (PDF) on 7 May 2018. Retrieved 6 May 2017.
- Halili Letea, and Gladys Mbwiga (1 August 2018). "Tanzania banks cut jobs in face of new realities". The Citizen (Tanzania). Dar es Salaam. Retrieved 5 August 2018.
- Mteleke, Salum (6 January 2014). "Accessbank Tanzania Records US$100 Million Assets". Tanzania Business Times. Dar es Salaam. Retrieved 18 July 2018.
- Bank of Tanzania (13 April 2016). "Directory of Banks Operating in Tanzania". Bank of Tanzania. Archived from the original on 1 June 2016. Retrieved 6 May 2018.
- TBUK (13 April 2016). "About Triodos: Access Microfinance Bank Tanzania". Triodos Bank United Kingdom (TBUK). Retrieved 13 April 2016.
- MCO (13 April 2016). "Access Microfinance Holding AG (AccessHolding)". Microcapital.org (MCO). Retrieved 13 April 2016.
- Triodos Bank (7 May 2018). "Access Microfinance Bank Tanzania: Microfinance Bank". Triodos Bank. Archived from the original on 2014-04-17. Retrieved 7 May 2018.
- ABT (13 April 2016). "AccessBank Tanzania: Shareholders". Dar es Salaam: AccessBank Tanzania (ABT). Archived from the original on 22 March 2016. Retrieved 13 April 2016.
- Mihambi, Jovin (22 March 2013). "AccessBank Tanzania advance loans to clients value at TSh 200 Billion". Tanzania Business Times. Retrieved 13 April 2016.
- ABT (13 April 2016). "AccessBank Tanzania: Branches". Dar es Salaam: AccessBank Tanzania (ABT). Archived from the original on 22 March 2016. Retrieved 13 April 2016.
- AccessBank Tanzania (7 May 2018). "AccessBank Tanzania: Board of Directors". Dar es Salaam: AccessBank Tanzania. Archived from the original on 7 May 2018. Retrieved 7 May 2018.