AccessBank Tanzania

AccessBank Tanzania (ABT), is a commercial bank in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.[5][6]

AccessBank Tanzania Limited

Type	Private company
Industry	Financial services
Founded	November 21, 2007 (2007-11-21)
Headquarters	Dar es Salaam, Tanzania
Key people	Dr Bernd Zattler Chairman Armando Massimiliano Sirolla 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

Overview

ABT is a commercial bank that focuses on the micro-finance sector, serving micro, small and medium-sized enterprises. As of December 2014, the bank's assets were valued at US$109.8 million. At that time, it had 170,065 deposit accounts, with total deposits of US$88.4 million, a loan book of US$71.3 million, and 27,516 loan accounts.[7] 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.[8] As of June 2017, 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).[2]

As of December 2016, the bank served 225,928 savings clients, had 31,798 loan clients. At that time 29 percent of all the bank's clients were women, and 2 percent of all clients were rural based.[9]

Shareholding

The shareholding in the stock of the bank is illustrated in the table below:[10]

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

As of July 2018, ABT maintained branches at the following locations:[11][12]

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. Manzese Branch - Morogoro Road, Dar es Salaam
5. Mbagala Branch - Mbagala Rangi Tatu, Dar es Salaam.
6. Kariakoo Branch - Mkunguni Street, Dar es Salaam
7. Mwanza Branch I - Nyerere Road, Mwanza
8. mwanza Branch II - Kishimba Building, Pamba Road, Mwanza
9. Kahama Branch - Isaka Road, Kahama
10. Tabora Branch - NSSF Building, Jamhuri Road, Tabora
11. Mbeya Branch - Mbeya
12. Iringa Branch - Iringa

Governance

Dr. Bernd Zattler, a national of Germany, serves as the chairman of the five-person board of directors.[13] The Managing Director and CEO of the bank is Martin Rohler.[1]

See also

• List of banks in Tanzania

References

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.
2. 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. Retrieved 6 May 2018.
6. TBUK (13 April 2016). "About Triodos: AccessBank Tanzania". Triodos Bank United Kingdom (TBUK). Retrieved 13 April 2016.
7. MMO (31 December 2014). "AccessBank Tanzania: Profile". Mixmarket.org (MMO). Retrieved 13 April 2016.
8. MCO (13 April 2016). "Access Microfinance Holding AG (AccessHolding)". Microcapital.org (MCO). Retrieved 13 April 2016.
9. Triodos Bank (7 May 2018). "AccessBank Tanzania: Microfinance Bank". Triodos Bank. Retrieved 7 May 2018.
10. 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.
11. Mihambi, Jovin (22 March 2013). "AccessBank Tanzania advance loans to clients value at TSh 200 Billion". Tanzania Business Times. Retrieved 13 April 2016.
12. 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.
13. 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

• Website of AccessBank Tanzania