Selcom Microfinance Bank Tanzania (SMBT), Formerly Access Microfinance Bank Tanzania (AMBT), Is A Microfinance Bank Located In Tanzania. It Is Licensed By The Bank Of Tanzania, The Central Bank And The National Banking Regulatory Authority.
Overview
SMFB Is A Microfinance Bank That Focuses On The Microfinance Sector, Serving Micro, Small And Medium-sized Enterprises. Access Microfinance Bank Tanzania Is A Member Of The AccessBank Group, Which Consists Of Microfinance Institutions In Sub-Saharan Africa, Central Asia And South America, Which Are Majority Owned By AccessHolding Group. Currently, The Bank Is Owned By Selcom Paytech Tanzania Limited And Other Minority Shareholders Who Are Very Strong In The Market.
In 2016, The Bank Served 225,928 Savings Customers And Had 31,798 Loan Customers, Of Which 29% Were Women And 2% Were Rural Customers. As Of 2017, The Total Asset Value Of The Bank Was 207.20 Billion Turkish Shillings ($91 Million) And Shareholders' Equity Was 31.73 Billion Turkish Shillings ($14 Million).
Holdings
The Situation Is Shown In The Table Below:
"MicroVest Is A Private, For-profit Investment Group Dedicated To Reducing Global Poverty By Applying Business Frameworks To Investments".
In June 2024, Selcom Tanzania Became A Majority Shareholder And The Bank Changed Its Name To Reflect The New Ownership.
1 - "Selcom Tanzania Is A Private Fintech Company".
Branch
As Of July 2018, ABT Has Branches In The Following Locations:
- Kijitonyama Branch - Derm House, New Bagamoyo Road, Kijitonyama, Dar Es Salaam Main Branch
- Lumumba Branch - Summit Tower, Lumumba Road, Dar Es Salaam
- Temeke Branch - Temeke Street, Dar Es Salaam
- Mwanza (Pamba Anza B) Rh II - Kishimba Building, Pamba Road, M Wanza
- Deer Bin Branch - Isaka Road, Deer Bin
- Tabola Branch - NSSF Building, Jamhuri Road, Tabora
- Mbeya Branch - Mbeya
- Iringa Branch - Iringa
Governance
Thomas Engelhardt Chairs The Five-member Board. The Bank's Managing Director And Chief Executive Officer Is Julius Ruwaichi Row Owner Name Ownership Percentage 1AccessHolding (Access Holding) 66.112 IFC 13.063 Micro Vest 9.044 KfW 6.735 AfDB 5.06 Total 100.00 Row Owner Name Percentage 1com Selenia Tanzania Limited 90.002 AfDB 5.063 Minority Shareholders 4.94 Total 100.00
