AccessBank Tanzania (ABT) was established by AccessHolding and four international co-investors as the third member of the AccessBank network on the 21st November 2007. The bank operates under a full commercial bank license and has its branches in the commercial capital Dar es Salaam, in the lake Victoria region and in the southest of the country close to the Zambian border.
Since opening its doors in late 2007, ABT has evolved into one of the significant providers of loans and other financial services to MSMEs and the lower/middle income segments in Dar es Salaam. ABT has also emerged as one of the quality leaders in the Tanzanian microfinance sector, with arrears rates consistently below most of its competitors. The bank is among the ten largest employers in the Tanzanian banking sector. Currently the bank operates through 13 branches and plans to expand its geographical footprint further to other regions of Tanzania in its long-term pursuit to become one of the leading retail banks in the country.
ABT’s product portfolio comprises micro and SME loans on the credit side. Banking services include deposit products, but also account products including current accounts, savings accounts, savings plan accounts and student accounts. A variety of money transfer systems are also offered.
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