News from AccessBank Group

1 Million Client Accounts in the AccessBank Network

Berlin, 15 September 2014


In August 2014 the total number of client accounts surpassed 1,000,000 in the AccessBank network (eight banks focusing on micro, small, and medium-sized enterprises and low and middle income households). This represents 46% year-over-year growth and is up nearly four times in the past four years. This threshold was reached when Ms. Martha Flomo opened a savings account in AccessBank Liberia in the Paynesville branch. AccessBank Liberia staff presented Ms. Flomo with rice and oil as a token of recognition.

The Chairman of AccessHolding’s Management Board, Mr. Thomas Engelhardt, commented on the occasion, “We are very proud to see the AccessBank network extend its outreach to such a high level. AccessBanks strive to provide transparent services and well-tailored products to Micro, Small, and Medium Enterprises and low and middle-income households. With 1,000,000 accounts, we can safely say that these principles allowed us to extend outreach to a wide range of previously unbanked clients.”

Ms. Flomo opened her account at AccessBank Liberia (ABL) after learning of the Bank from her husband. She opened her Savings Account at ABL because of his recommendation, saying, “I was thinking of going to another bank, but my husband said ‘No, just go to AccessBank.’” Commenting on the recognition for opening the 1,000,000th account, she said: “I thank the owners and workers of AccessBank for the gifts, and I also thank my husband for leading [me] to a good bank. I will tell all of my family, my friends and my business partners about AccessBank, and how safe it is to save your money there.”