The Bank has an exceptional group of very strong international shareholders committed to the task of improving access to financial services in the country. Our shareholders are Access Microfinance Holding AG of Germany, Impulse Microfinance Investment Fund N.V. in Belgium, the African Development Bank, and the International Finance Corporation of the World Bank Group. Together, they have an established record of setting up and managing microfinance banks in a number of other countries such as Tanzania, Madagascar, Azerbaijan, and Liberia amongst others.
At the last shareholders meeting held on March 16 and 17 2011 at our corporate head office it was agreed that the bank’s share capital be increased to N1.5B with Access Holding having the larger share. The ratios are as follows:
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