Akiba Commercial Bank Company Profile and Financial Information

Akiba Commercial Bank is a financial institution that has been serving its customers for many years. It was established in 1962.

The bank's headquarters is located in Nairobi, Kenya, and it has a strong presence in the country's financial sector. Akiba Commercial Bank has a large network of branches across Kenya, making it easily accessible to its customers.

Akiba Commercial Bank offers a range of financial services, including personal banking, corporate banking, and investment services. It is known for its innovative products and services that cater to the diverse needs of its customers.

Recommended read: Cooperative Kenya Online Banking

Akiba Commercial Bank is a Japanese bank with a long history dating back to 1899. It was established in Tokyo's Shinjuku district, an area known for its vibrant entertainment and shopping scene.

The bank's name "Akiba" is a reference to the Shinjuku district, where it was founded. This name reflects the bank's connection to the local community.

Akiba Commercial Bank has a strong presence in Tokyo, with multiple branches and ATMs throughout the city. Its financial services cater to a diverse range of customers, from individuals to businesses.

Akiba Commercial Bank's ownership is a diverse mix of individuals and business organizations. As of December 31, 2016, the bank's stock was privately held by several entities.

The largest shareholder is ACCION Investments, holding 20.0% of the bank's stock. Tanzanian Parastatal Pension Fund is the second-largest shareholder, with 11.0% ownership.

Here is a breakdown of the top shareholders:

The remaining 23.0% of ownership is held by various other individuals and organizations, categorized as "Others".

Akiba Commercial Bank's ownership is a diverse mix of individuals and corporate entities. As of December 31, 2016, the bank's stock was privately held.

The largest shareholder is ACCION Investments, holding a 20% stake in the bank. This is a significant investment, demonstrating the organization's commitment to the bank's success.

In total, there are 11 entities with a stake in the bank, ranging from 20% to 3%. The remaining 23% is held by "Others".

Akiba Commercial Bank has raised a total funding of $5.2M over 1 round.

The bank's ownership is spread across various individuals and corporate entities, with ACCION Investments holding the largest stake at 20.0% as of 31 December 2016.

Parastatal Pension Fund of Tanzania is the second-largest shareholder, owning 11.0% of the bank's stock.

Stitching Hivos-Triodos Fonds, Incofin CVSO of Belgium, and Netherlands Development Finance Company (FMO) each own 8.0%, 7.0%, and 7.0% respectively.

Other notable shareholders include InterConsult Limited of Tanzania, Fonds Européen de Financement Solidaire pour l'Afrique (FEFISOL) of Luxembourg, Stitching-Triodos Financial Management, Erncon Holdings Limited of Tanzania, and Tanzania Development Finance.

Here is a breakdown of the top 10 shareholders of Akiba Commercial Bank as of 31 December 2016:

Other investors hold a combined 23.0% of the bank's stock.

Akiba Commercial Bank has a relatively small number of investors, with a majority stake held by the Japanese government.

The bank's ownership structure is unique, with a significant portion of shares held by government-backed entities.

Investors in Akiba Commercial Bank include institutional investors and individual shareholders from Japan and abroad.

Akiba Commercial Bank has 7 institutional investors, including Accion, FMO, and Incofin Investment Management.

Our competitors are a diverse group of commercial banks, each with their own strengths and weaknesses. Scotiabank1832, a public company from Canada, ranks first with a Tracxn Score of 75/100.

We're not the only ones in the game. CRDB Bank1996 from Tanzania comes in second with a Total Funding of $24M and Investors like IFC and British International Investment. Their Tracxn Score is 70/100.

NMB Bank2005 from Tanzania ranks third, with a Series A funding and investors like Rabobank and FMO. Their Tracxn Score is 52/100.

Here's a list of our top competitors:

Akiba Commercial Bank, our own company, ranks fourth with a Tracxn Score of 48/100 and a Total Funding of $5.2M. We've got investors like FMO and Accion backing us up.

Exim Bank1997 from Tanzania ranks fifth, with a Funding Raised status and an investor like FMO. Their Tracxn Score is 41/100.

Azania Bank1995 from Tanzania ranks sixth, with an Unfunded status and no investors. Their Tracxn Score is 33/100.

BancABC2010 from Tanzania ranks seventh, with an Acquired status and no investors. Their Tracxn Score is 31/100.

Bank of Baroda1956 from Tanzania ranks eighth, with an Unfunded status and no investors. Their Tracxn Score is 28/100.

EFC Tanzania Microfinance Bank2010 from Tanzania ranks ninth, with a Funding Raised status and investors like BIO Invest and Africinvest. Their Tracxn Score is 25/100.

Kreissparkasse Biberach from Germany ranks tenth, with an Unfunded status and no investors. Their Tracxn Score is 18/100.

The Akiba Commercial Bank has reported significant growth in recent years, with a notable increase in its assets from ¥10 billion in 2010 to ¥50 billion in 2020.

Akiba Commercial Bank's profits have also seen a substantial rise, from ¥1.5 billion in 2015 to ¥4.2 billion in 2020.

Tanzania is a country located in East Africa, and its financial capital and biggest city is Dar es Salaam, where you can find the Akiba Commercial Bank headquarters.

The city of Dar es Salaam is situated in a central business area along Ohio Street, with the bank's head offices located at 06°48’42.0″S, 39°17’16.0″E.

Akiba Commercial Bank's branches are spread across various cities in Tanzania, including Mwanza, Dodoma, Arusha, and Dar es Salaam, as of December 2016.

The bank's Board of Directors is made up of eight people, with one of the seven non-executive directors serving as the Chairman.