AccessBank Tanzania – Shareholding, Branches, Governance and More

AccessBank Tanzania – Shareholding, Branches, Governance and More

Access Bank Tanzania is a Tanzanian microfinance institution. The Bank of Tanzania, which is Tanzania’s banking regulator and central bank, licenses the bank.

Overview of the AcessBank Tanzania Limited

AccessBank Tanzania specializes in servicing micro, medium-sized and small-sized businesses. The assets of the bank were estimated at USD 109.8 million in December 2014. It possessed 170,065 bank deposit accounts, having a cumulative USD 88.4 million, a USD 71.3 million loan book, and loan accounts totalling 27,516 at the time. It is part of the AccessBank Group, which includes microfinance institutions situated in Central Asia, South America and Sub-Saharan Africa, the majority of which are under the ownership of the AccessHolding conglomerate. The total assets of the bag were evaluated at TZS 207.2 billion (USD 91 million) in June 2017, with TZS:31.73 billion (USD 14 million) in shareholders’ equity.

AccessBank Tanzania had 225,928 savings customers and 31,798 loan customers as of 2016 December. Women made up 29% of the bank’s clientele at the time, while 2% of the clients were from rural areas.

AccessBank Tanzania LTD Shareholding

The following table depicts the Access Bank Tanzania holdings in its stock:

Ownership Percentage Owner
5.06 African Development Bank
6.73 KfW
9.04 Microvest
13.06 International Finance Corporation
66.11 AccessHolding
100.00 Total

Access Bank Tanzania Branches

AccessBank Tanzania had branches in the following places as of 2018 July:

Branch City Street Address
Kijitonyama Branch Dar es Salaam New Bagamoyo Road Dem House, Kijitonyama
Iringa Branch Iringa    
Mbeya Branch Mbeya    
Tabora Branch Tabora Jamhuri Road NSSF Building
Kahama Branch Kahama Isaka Road  
Mwanza Mwanza Pamba Road Kishimba Building
Tumeke Branch Dar es Salaam Temeke Street  
Lumumba Beach Dar es Salaam Lumumba Road Summit tower

Governance

Dr. Bernd Zattler, a German national, chairs the board of Directors which has five members. Mr Julius Ruwaichi is the bank’s CEO and Managing Director.

Access Bank Tanzania Careers

https://www.accessmfb.co.tz/jobs/

For more articles related to Financial Services in Tanzania, click here!


LEAVE A REPLY

Please enter your comment!
Please enter your name here