- Source: Selcom Microfinance Bank Tanzania
Selcom Microfinance Bank Tanzania (SMBT), previously known as Access Microfinance Bank Tanzania (AMBT), is a microfinance bank located in Tanzania. It is licensed by the Bank of Tanzania, the central bank and national banking regulator.
Overview
SMFB is a Microfinance Bank that focuses on the micro-finance sector, serving micro, small and medium-sized enterprises. Access Microfinance Bank Tanzania was a member of the AccessBank Group, which is composed of microfinance institutions in Sub-Saharan Africa, Central Asia, and South America, who are majority owned by the AccessHolding conglomerate..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 clients, had 31,798 loan clients, 29 percent of whom were women, and 2 percent of all clients were rural based. As of 2017, the bank's total assets were valued at TSh 207.2 billion (US$91 million), with shareholders' equity of TSh 31.73 billion (US$14 million).
Shareholding
As of 2016 the shareholding in the stock of the bank is illustrated in the table below:
1 - "MicroVest is a private, for-profit investment group dedicated to reducing global poverty by applying a commercial framework to investing".
In June 2024, Selcom Tanzania became the majority shareholder and the bank rebranded to reflect the new ownership.
1 - "Selcom Tanzania is a private, fintech company".
Branches
As of July 2018, ABT maintained branches at 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, Mwanza
Kahama Branch - Isaka Road, Kahama
Tabora Branch - NSSF Building, Jamhuri Road, Tabora
Mbeya Branch - Mbeya
Iringa Branch - Iringa
Governance
Thomas Engelhardt serves as the chairman of the five-person board of directors. The managing director and CEO of the bank is Julius Ruwaichi.
See also
List of banks in Tanzania
References
External links
Website of Selcom Microfinance Bank Tanzania
