AccessBank Tanzania

Access Microfinance Bank Tanzania LimitedCompany 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.accessbank.co.tz

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]

## Overview[edit]

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]

## Shareholding[edit]

The shareholding in the stock of the bank is illustrated in the table below:[9]

AccessBank Tanzania Stock Ownership  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".

## Branches[edit]

As of July 2018, ABT maintained branches at the following locations:[10][11]

1. Kijitonyama Branch - Derm House, New Bagamoyo Road, Kijitonyama, Dar es Salaam Main Branch
2. Lumumba Branch - Summit Tower, Lumumba Road, Dar es Salaam
3. Temeke Branch - Temeke Street, Dar es Salaam
4. Mwanza (Pamba anza B)rh II - Kishimba Building, Pamba Road, Mwanza
5. Kahama Branch - Isaka Road, Kahama
6. Tabora Branch - NSSF Building, Jamhuri Road, Tabora
7. Mbeya Branch - Mbeya
8. Iringa Branch - Iringa

## Governance[edit]

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]

## See also[edit]

* List of banks in Tanzania

## References[edit]

1. ^ a b 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.
2. ^ a b c 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.
3. ^ 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.
4. ^ Mteleke, Salum (6 January 2014). "Accessbank Tanzania Records US$100 Million Assets". Tanzania Business Times. Dar es Salaam. Retrieved 18 July 2018.
5. ^ 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.
6. ^ TBUK (13 April 2016). "About Triodos: Access Microfinance Bank Tanzania". Triodos Bank United Kingdom (TBUK). Retrieved 13 April 2016.
7. ^ MCO (13 April 2016). "Access Microfinance Holding AG (AccessHolding)". Microcapital.org (MCO). Retrieved 13 April 2016.
8. ^ 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.
9. ^ 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.
10. ^ Mihambi, Jovin (22 March 2013). "AccessBank Tanzania advance loans to clients value at TSh 200 Billion". Tanzania Business Times. Retrieved 13 April 2016.
11. ^ 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.
12. ^ 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.

## External links[edit]

* Website of Access Microfinance Bank Tanzania

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