AccèsBanque Madagascar (ABM) was established in October 2006 by AccessHolding in partnership with a group of international and local co-investors. The bank opened its first branch in the country’s capital Antananarivo in February 2007 and has since then built up a network of 14 branches in the capital and other towns of the country.
With more than 640 employees and over 100,000 clients at the end of 2012, ABM has evolved into a significant player and a leading employer in the Malagasy banking sector. Despite a clear focus on the core target group of micro, small and medium-sized enterprises (MSMEs), the bank caters for a broad variety of clients and aspires to become a "house bank" for the lower/middle income strata of the Malagasy population.
ABM’s product range comprises loans to micro and small enterprises but increasingly also to medium entrepreneurs. Banking services comprise current and savings accounts as well as term deposit facilities and a variety of payment services (checks and national wire transfer services).