News

AccessNetwork KPIs at end Q3/2017
Total assets
EUR 877m
Gross loan portfolio
EUR 688m
No. of active borrowers
423,188
Total deposits
EUR 347m
No. of deposit accounts
1,5m
No. of staff
6,988
No. of branches
193

 

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MFO Credo Georgia receives Best Transaction Award of 2015

 

Frankfurt, Germany 02 May 2016

The Asian Development Bank (ADB) and CNBC presented their 2015 Private Sector Awards at the ADB Annual Meeting, held on 2 May 2016 in Frankfurt, Germany. The awards focus on highly developmental transactions of ADB’s Private Sector Operations Department and are presented to ADB's clients for their ground-breaking, impactful private sector solutions to key challenges in developing countries.

 

MFO Credo Georgia received the award for Best Financial Sector Transaction. ADB signed an agreement with Credo for a 4-year USD 23 million loan in 2015 and a technical assistance grant of USD 300,000 to support its efforts in developing full retail services and expanding its operational systems as it transitions to becoming a bank.  ADB is expected to provide local currency funding to Credo which it can onlend in lari, thereby removing the foreign exchange risk of borrowers.

 

Read ADB's full Press Release here

 

02.05.2016

AccessHolding welcomes two new Supervisory Board members

 

Berlin, 25 February 2015

AccessHolding is pleased to report the appointment of two new members to its Supervisory Board (SB):  Mr. Michael Fiebig and Ms. Ritva Laukkanen.

 

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25.02.2015

AccessHolding acquires Accion Microfinanҫas in Brazil

 

Berlin, 20 January 2015

Access Microfinance Holding AG announces the acquisition of a majority equity stake in Brazilian microfinance institution Accion Microfinanҫas SCMEPP S.A. from Accion, subject to final approval by the Central Bank of Brazil.

 

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20.01.2015

New Shareholders make investments in AccessHolding

 

Berlin, 19 December 2014

In Q4/2014, responsAbility Investments AG (responsAbility) and Triodos Investment Management BV (Triodos) joined Access Microfinance Holding AG (AccessHolding) as shareholders to support further expansion of the Access Network in the developing and transition economies around the world.

 

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19.12.2014

MFO CREDO, Georgia becomes a member of the AccessGroup

 

Berlin, 03 November 2014

The sale of VisionFund’s microfinance institution in Georgia, MFO Credo, LLC to a consortium of social impact investors comprising AccessHolding and funds managed or advised by responsAbility and Triodos, has taken place in November 2014 following approval by the National Bank of Georgia.

 

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03.11.2014

AccessBank Network is servicing 1,000,000 Client Accounts

 

Berlin, 15 September 2014

In August 2014 the total number of client accounts surpassed 1,000,000 in the AccessBank network. This represents 46% year-over-year growth and is up nearly four times in the past four years.

 

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15.09.2014

AB Bank Rwanda opens its doors to the public

 

Kigali, 09 January 2014

On December 31, 2013, The National Bank of Rwanda has awarded AB Bank Rwanda (ABR) the license to operate as a Microfinance Bank, and operations have started shortly thereafter from its first branch in the Nyamirambo area of Kigali.

 

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09.01.2014

Fitch affirms AccessBank’s rating at BB+

 

Baku, 23 December 2013

The rating agency Fitch confirmed on 18 December 2013 the long-term IDR rating of AccessBank at ‘BB+’ (outlook stable). The viability rating, assessing the stand alone risk without taking into account potential shareholder support was upgraded from ‘B+’ to ‘BB-‘.

 

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23.12.2013

Outstanding Loan Portfolio of the AccessBank Network in Africa             crosses the threshold of EUR 100 million

 

Berlin, 28 October 2013

At the end of the third Quarter of 2013, the aggregate outstanding loan portfolio of the AccessBank Network in Africa surpassed an important milestone of EUR 100 million. This outstanding result crowns nearly seven years of dedicated service of AccessBanks to African micro and small entrepreneurs.

 

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28.10.2013
AccessBank Tajikistan Completes First Capital Increase

 

Dushanbe, 24 July 2013

AccessBank Tajikistan is pleased to announce the successful completion of a share issue for the amount of TJS 15 million (ca. USD 3.1 million). This step was taken in order to strengthen the capital base of the bank and to support the bank’s future growth. As a result, the paid-up capital of the bank now stands at TJS 63 million (ca. USD 13.2 million), whereby the majority shareholder AccessHolding Microfinance AG has increased its stake to 63.3% from previously 52%.

 

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24.07.2013
AccessBank Signs a USD 50  million Loan Agreement with ADB

 

Baku, 24 July 2013

The Asian Development Bank (ADB) will provide a USD 50 million 5-year senior loan to AccessBank Azerbaijan. The purpose of the loan is to support the bank’s lending activities to micro and SME businesses in rural areas of Azerbaijan with a focus on agricultural businesses and farmers. The ADB loan is the single largest bilateral refinancing facility so far provided by an international financial institution to AccessBank, which pushes the cooperation between both partners to a new level.

 

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24.07.2013
AccessBank Wins the Euromoney “Best Bank in Azerbaijan” Award

 

Baku, 12 July 2013

AccessBank won the "Best Bank in Azerbaijan" award at the annual Euromoney "Awards for Excellence" gala held in London on July 11th, 2013. The Bank received this award for the fourth consecutive year. The Euromoney awards are among the most prestigious in the financial world and are given to leading banks and financial institutions in more than 100 countries.

 

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12.07.2013
AccessHolding and Co-Investors establish AB Bank Rwanda

 

Berlin, 12 July 2013

Access Microfinance Holding AG (“AccessHolding”) of Berlin/Germany is pleased to announce the creation of its eighth network bank, AB Bank Rwanda (ABR). ABR will be established jointly by AccessHolding and three of the most reputable investors in the global microfinance industry: the International Finance Corporation (IFC), KfW Development Bank and FMO, the Dutch development bank.

 

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12.07.2013
AccessBank Network crosses USD 1 bn threshold in Total Assets

 

Berlin, 09 July 2013

In June 2013, the aggregate balance sheet of the AccessBank network  surpassed USD 1 billion. This crowns an impressive business growth, with total assets rising by over 45% year-on-year and quadrupling since mid-2008. The threshold was crossed when Mr and Mrs Rafidison made a deposit in AccèsBanque Madagascar’s Tsiroanomandidy branch.

 

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09.07.2013

AccessBank Tanzania ranked No. 2 in KPMG Customer Satisfaction

Survey

 

Dar Es Salaam, 08 July 2013

AccessBank Tanzania (ABT) was recognised as one of the leading banks in Tanzania by an Africa-wide banking industry customer satisfaction survey conducted by the international consultancy and audit firm KPMG. The survey results placed AccessBank first in terms of convenience, and second in terms of pricing, among more than 30 banks within the country.

 

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08.07.2013
ABT awarded by MFTransparency

 

Dar Es Salaam, 18 May 2012

AccessBank Tanzania (ABT) has been awarded by MFTransparency with a Certificate of Pricing Transparency for participating in the Transparent Pricing Initiative in Tanzania. The bank’s product pricing data are now displayed together with the data of 14 other microfinance providers in Tanzania on the mftransparency.org website.

 

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18.05.2012

Access starts Management development Program for local staff

 

Berlin, 25 April 2012

As technical partner, LFS supports AccessHolding in the management of their network banks. In January 2012, LFS has started a long-term project which focuses on management capacity building of local staff. 

 

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25.04.2012

Pricing Transparency Certificate awarded to AB Bank Zambia
 

Lusaka, 30 March 2012

AB Bank Zambia has been awarded with a Certificate of Pricing Transparency by mftransparency.org, for participating in the Transparent Pricing Initiative in Zambia. AB Bank’s product pricing data are now displayed together with the data of 11 other microfinance providers in Zambia on the MFTransparency website.
 

Read more

 

30.03.2012

AB Bank Zambia extends 1000st loan and opened over 3000 accounts


Lusaka, 30 March 2012

AB Bank Zambia is proud to announce that it has extended more than 1000 loans and opened over 3000 accounts for its target group, the micro, small and medium-sized entrepreneurs as well as low-income earners in Zambia.
 

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30.03.2012

Fitch Affirms AccessBank’s BB Rating


Baku

Fitch Ratings has again affirmed its ratings for AccessBank without any changes. AccessBank's long-term foreign currency Issuer Default Rating (IDR) was confirmed at 'BB' with 'Outlook Stable' – the highest among Azerbaijan's financial institutions. The Short-term IDR was affirmed at 'B', the Viability Rating at 'b', and the Support Rating at '3'. AccessBank has maintained this rating since it was first rated by Fitch in 2008 and the stability of this rating through the financial turmoil of recent years is a testimony to the strength of AccessBank.
 

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02.02.2012

AccessBank Receives USD 15 mln from EFSE


Baku

Today AccessBank announced that it has received a loan from the European Fund for Southeast Europe (EFSE) in the amount of USD 15 million. This loan is being extended for a five-year maturity and will be disbursed in two tranches. The Bank has already received the first tranche of USD 7,5 million. The second tranche is scheduled to be disbursed in February 2012.

 

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26.01.2012