Jump to content

Selcom Microfinance Bank Tanzania

Edit links
Coordinates: 06°46′37″S 39°14′45″E / 6.77694°S 39.24583°E / -6.77694; 39.24583
From Wikipedia, the free encyclopedia

This is an old revision of this page, as edited by Bearcat (talk | contribs) at 16:58, 20 September 2023 (→External links: duplicate categorization; already in subcat). The present address (URL) is a permanent link to this revision, which may differ significantly from the current revision.

Access Microfinance Bank Tanzania Limited
Company typePrivate company
IndustryFinancial services
FoundedNovember 21, 2007; 17 years ago (2007-11-21)
HeadquartersDar es Salaam, Tanzania
Key people
Dr Bernd Zattler
Chairman
Julius Ruwaichi
Chief Executive Officer[1]
ProductsLoans, checking, savings, investments, debit cards
RevenueIncreaseAftrtax:TSh 687 million (US$302,000) (June 2017)[2]
Total assetsTSh 207.2 billion (US$91 million) (June 2017)[2]
OwnerAccessHolding (66.11%); IFC (13.06%); MicroVest (9.04%); KfW (6.73%); AfDB (5.06%);
Number of employees
634 (2018)[3] 776 (2017)[4]
Websitewww.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

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, 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

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

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

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

References

  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.

06°46′37″S 39°14′45″E / 6.77694°S 39.24583°E / -6.77694; 39.24583

Retrieved from "https://en.wikipedia.org/w/index.php?title=Selcom_Microfinance_Bank_Tanzania&oldid=1176271856"