banking survey cover 2012 - Tanzania Chamber of Commerce ...

Asset Ranking
AccessBank
30
as of December 31 st 2011
Directors 1. Dan Balke (LFS)
2. Christoph Diehl (AccessHolding)
3. Karl-Heinz Fleischhacker (KfW)
4. Nicolas Blondeau (BIO)
5. Grace Rubambey (Independent)
Chief Executive
Head of Finance
Treasurer/Dealer
Auditors
Key Shareholders and
percentage of shareholding
No. of Employees 342
Website Address
Patrick Schoeneborn
Robert Mokeha
(unable to obtain info)
Ernst & Young
1. Access Holding - 50.73%
2. African Development Bank - 8.30%
3. Development Through Investment (BIO) - 14.40%
4. International Finance Corporation - 15.80%
5. KfW (Germany) -10.75%
www.accessbank.co.tz
Share Capital as of
31 st December 2011
TZS12.00bn
Branches
6
ATMs
6
Selected financial trends (2009-11)
AccessBank’s net interest income has been on a steady upward trend, increasing
five-fold between 2009 and 2011. Non-interest income has remained modest
and flat. The bank’s net income has dipped into loss territory in several quarters
of 2009, 2010 and 2011. Net profits have been affected by the growth in noninterest
expenses, which almost tripled between Q1 2009 and Q4 2011.
The bank has grown its deposit base from TZS 6.8 billion to TZS 31 billion
between Q1 2009 and Q4 2011, which allowed for the expansion of lending from
TZS 5.2 billion to TZS 30.5 billion during the same period. Non-performing
loans are under control at the bank. The quarterly average non-performing loan
ratio in 2011 was 1.3%, down from 2.9% in 2010 and 1.7% recorded in 2009.
As a result of losses and negative retained earnings, paid up share capital has
continued to dominate the bank’s capital structure. Shareholders have injected
a total of TZS 4.2 billion in new capital between Q4 2009 and Q4 2011.
38 Serengeti Advisers