AccessBank Liberia
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AccessBank Liberia (ABL), is a microfinance commercial bank in
Liberia Liberia (), officially the Republic of Liberia, is a country on the West African coast. It is bordered by Sierra Leone to Liberia–Sierra Leone border, its northwest, Guinea to its north, Ivory Coast to its east, and the Atlantic Ocean ...
. It is one of the commercial banks licensed by the
Central Bank of Liberia The Central Bank of Liberia is Liberia's central bank. Its current executive governor is J. Aloysius Tarlue. The offices of the bank are located in Monrovia, the capital of Liberia. The bank is a member of the Alliance for Financial Inclusion. ...
, the national banking regulator.


Overview

The bank is Liberia's first licensed microfinance services provider. They obtained a commercial banking licence in January 2009, according to the website of the
Central Bank of Liberia The Central Bank of Liberia is Liberia's central bank. Its current executive governor is J. Aloysius Tarlue. The offices of the bank are located in Monrovia, the capital of Liberia. The bank is a member of the Alliance for Financial Inclusion. ...
. , the shareholders' equity in the bank is valued at US$11.783 million (EUR:8.9 million), with US$11 million in customer deposits and over 50,000 customers.


Ownership

The bank's
stock In finance, stock (also capital stock) consists of all the shares by which ownership of a corporation or company is divided.Longman Business English Dictionary: "stock - ''especially AmE'' one of the shares into which ownership of a company ...
is owned by the following corporate entities:


About the shareholders


AccessHolding

Access Microfinance Holding AG (AccessHolding) is a commercial microfinance holding company. Its business purpose is to invest in microfinance institutions (MFIs) and to develop these investments through a combination of equity finance, holding services, and management assistance. These services are rendered by its technical partner and founding shareholder LFS Financial Systems GmbH, with which AccessHolding shares premises in Berlin, Germany. AccessHolding establishes new MFIs together with other partners, and transforms existing non-bank microlending institutions into full-service microfinance banks. Currently, there are 10 AccessBanks operating in
Azerbaijan Azerbaijan (, ; az, Azərbaycan ), officially the Republic of Azerbaijan, , also sometimes officially called the Azerbaijan Republic is a transcontinental country located at the boundary of Eastern Europe and Western Asia. It is a part of th ...
,
Liberia Liberia (), officially the Republic of Liberia, is a country on the West African coast. It is bordered by Sierra Leone to Liberia–Sierra Leone border, its northwest, Guinea to its north, Ivory Coast to its east, and the Atlantic Ocean ...
,
Madagascar Madagascar (; mg, Madagasikara, ), officially the Republic of Madagascar ( mg, Repoblikan'i Madagasikara, links=no, ; french: République de Madagascar), is an island country in the Indian Ocean, approximately off the coast of East Africa ...
,
Nigeria Nigeria ( ), , ig, Naìjíríyà, yo, Nàìjíríà, pcm, Naijá , ff, Naajeeriya, kcg, Naijeriya officially the Federal Republic of Nigeria, is a country in West Africa. It is situated between the Sahel to the north and the Gulf o ...
,
Tanzania Tanzania (; ), officially the United Republic of Tanzania ( sw, Jamhuri ya Muungano wa Tanzania), is a country in East Africa within the African Great Lakes region. It borders Uganda to the north; Kenya to the northeast; Comoro Islands and ...
,
Zambia Zambia (), officially the Republic of Zambia, is a landlocked country at the crossroads of Central Africa, Central, Southern Africa, Southern and East Africa, although it is typically referred to as being in Southern Africa at its most cent ...
,
Tajikistan Tajikistan (, ; tg, Тоҷикистон, Tojikiston; russian: Таджикистан, Tadzhikistan), officially the Republic of Tajikistan ( tg, Ҷумҳурии Тоҷикистон, Jumhurii Tojikiston), is a landlocked country in Centr ...
,
Rwanda Rwanda (; rw, u Rwanda ), officially the Republic of Rwanda, is a landlocked country in the Great Rift Valley of Central Africa, where the African Great Lakes region and Southeast Africa converge. Located a few degrees south of the Equator ...
, Georgia and
Brazil Brazil ( pt, Brasil; ), officially the Federative Republic of Brazil (Portuguese: ), is the largest country in both South America and Latin America. At and with over 217 million people, Brazil is the world's fifth-largest country by area ...
.


LFS Financial Systems

LFS Financial Systems not only builds up and manages all network banks but also provides them with central support in a variety of operative areas, including key risk management functions. Active cooperation in areas such as training or product development, particularly within regional clusters, exhibits further potential for synergies and other efficiency gains. AccessHolding’s shareholders, aside from LFS, are the International Finance Corporation, the German development bank KfW, the
European Investment Bank The European Investment Bank (EIB) is the European Union's investment bank and is owned by the EU Member States. It is one of the largest supranational lenders in the world. The EIB finances and invests both through equity and debt solutions ...
, the UK development fund CDC Group Plc., the US Tufts University Omidyar-Tufts Microfinance Fund, and MicroAssets GbR, a fund of LFS employees and other interested individuals.


International Finance Corporation

The International Finance Corporation (IFC) is a member of the World Bank Group, its primary mission being to foster and encourage private sector investment in developing and transition countries. Based in Washington DC, IFC has been a major driving force behind the development of microfinance industries in virtually all developing regions, and has long-standing experience as an investor in commercial microfinance institutions. IFC has country or regional offices across Africa, including an office in Monrovia. IFC is a shareholder of AccessHolding and a co-investor in most of AccessHolding’s network banks. It is also providing technical assistance and debt funding to some of the banks.


African Development Bank

The African Development Bank (AfDB) was established in 1964 with the intention of promoting economic and social development in Africa. The bank is a conglomeration of the African Development Bank (AfDB), the African Development Fund (ADF), and the Nigeria Trust Fund (NTF). It currently has 77 members: 53 countries in Africa and 24 in America, Europe and Asia. Over the past years it has strengthened its involvement in private sector development-related projects in general, and its exposure to microfinance in particular. AfDB is a partner of AccessHolding.


The European Investment Bank

The European Investment Bank was created by the Treaty of Rome in 1958 as the long-term lending bank of the European Union. The task of the Bank is to contribute towards the integration, balanced development and economic and social cohesion of the EU Member States. The EIB raises substantial volumes of funds on the capital markets which it lends to projects furthering EU policy objectives. It operates in keeping with strict banking practice and in close collaboration with the wider banking community, both when borrowing on the capital markets and when financing capital projects. As a shareholder of AccessHolding, the EIB has been closely involved in the build-up of the emerging AccessBank network in Africa and elsewhere.


Branch Network

, AccessBank Liberia operates 7 branches, including at these locations: # Head Office, 20th Street, Sinkor
Monrovia Monrovia () is the capital city of the West African country of Liberia. Founded in 1822, it is located on Cape Mesurado on the Atlantic coast and as of the 2008 census had 1,010,970 residents, home to 29% of Liberia’s total population. As the ...
# Johnson Street Branch, Ashmun & Johnson Streets Intersection,
Monrovia Monrovia () is the capital city of the West African country of Liberia. Founded in 1822, it is located on Cape Mesurado on the Atlantic coast and as of the 2008 census had 1,010,970 residents, home to 29% of Liberia’s total population. As the ...
# Paynesville Branch, Paynesville, Redlight,
Monrovia Monrovia () is the capital city of the West African country of Liberia. Founded in 1822, it is located on Cape Mesurado on the Atlantic coast and as of the 2008 census had 1,010,970 residents, home to 29% of Liberia’s total population. As the ...
# Duala Branch, Caldwell Junction,
Monrovia Monrovia () is the capital city of the West African country of Liberia. Founded in 1822, it is located on Cape Mesurado on the Atlantic coast and as of the 2008 census had 1,010,970 residents, home to 29% of Liberia’s total population. As the ...
# Sinkor Branch, 20th Street, Sinkor,
Monrovia Monrovia () is the capital city of the West African country of Liberia. Founded in 1822, it is located on Cape Mesurado on the Atlantic coast and as of the 2008 census had 1,010,970 residents, home to 29% of Liberia’s total population. As the ...
# Gardnersville Branch, Somalia Drive,
Monrovia Monrovia () is the capital city of the West African country of Liberia. Founded in 1822, it is located on Cape Mesurado on the Atlantic coast and as of the 2008 census had 1,010,970 residents, home to 29% of Liberia’s total population. As the ...
# Buchanan Branch, Buchanan, Liberia, Grand Bassa County, Liberia # ELWA Branch, Robertsfield Highway / Dilon Avenue junction, ELWA,
Monrovia Monrovia () is the capital city of the West African country of Liberia. Founded in 1822, it is located on Cape Mesurado on the Atlantic coast and as of the 2008 census had 1,010,970 residents, home to 29% of Liberia’s total population. As the ...
,
Liberia Liberia (), officially the Republic of Liberia, is a country on the West African coast. It is bordered by Sierra Leone to Liberia–Sierra Leone border, its northwest, Guinea to its north, Ivory Coast to its east, and the Atlantic Ocean ...


See also

*
Economy of Liberia The economy of Liberia is extremely underdeveloped, with only $3.222 billion by gross domestic product as of 2019, largely due to the First (1989–1996) and Second Liberian Civil War (1999–2003). Liberia itself is one of the poorest and lea ...
*
List of banks in Liberia This is a list of commercial banks in Liberia. Banks # Afriland First Bank Liberia # AccessBank Liberia # Ecobank Liberia # G N Bank (Liberia) # Guaranty Trust Bank Liberia # Global Bank Liberia # International Bank (Liberia) # Liberian Ban ...


References

{{reflist


External links


Original Shareholding In AccessBank Liberia In 2008
Banks of Liberia Banks established in 2009 Companies based in Monrovia 2009 establishments in Liberia