Shareholders

 

Shareholders

Shareholding Structure

The shareholding structure of the bank as at 31st August 2018 is as below:

No Name of Shareholder Percentage of Shareholding
1 Aga Khan Agency for Microfinance (AKAM) 39.4%
2 Kreditanstalt Für Wiederaufbau (KfW) 31.9%
3 International Finance Corporation (IFC) 16.8%
 4  Aga Khan Foundation USA (AKF USA)  11.9%

Shareholder Profiles

About the Aga Khan Agency for Microfinance (AKAM)

For more than 60 years, various agencies of the Aga Khan Development Network (AKDN) have offered microfinance services through integrated development programmes and self-standing microfinance institutions. Savings groups and revolving housing loans were offered by AKDN institutions as early as the 1950s. Later, the Aga Khan Rural Support Programmes (AKRSP) in India and Pakistan made savings groups a cornerstone of their integrated approach to development. These programmes, as well as others, helped start businesses, create jobs, build homes and finance house improvements, purchase seed and livestock, smooth over the impact of unforeseen health costs and make higher education possible. Today, these programmes have been brought together under the Aga Khan Agency for Microfinance (AKAM). The underlying objectives of AKAM are to reduce poverty, diminish the vulnerability of poor populations and alleviate economic and social exclusion. AKAM aims to improve the quality of life of people by helping them to improve their incomes, become self-reliant and gain the skills needed to graduate into the mainstream financial markets. For more information, visit www.akdn.org/akam.asp

Kreditanstalt Für Wiederaufbau (KfW)

The KfW is a German government-owned development bank, based in Frankfurt. KfW provides economic impulses for the economy, society and ecology in Germany, Europe, and the world over. It supports change, promotes promising ideas and finances investments and accompanying consulting services in developing countries. It carries out its work and its development mandate on behalf of the German Federal Ministry for Economic Cooperation and Development (BMZ).

International Finance Corporation (IFC)

IFC, a member of the World Bank Group, is the largest global development institution focused exclusively on the private sector in developing countries. Established in 1956, IFC is owned by 184 member countries, a group that collectively determines our policies. Our work in more than 100 developing countries allows companies and financial institutions in emerging markets to create jobs, generate tax revenues, improve corporate governance and environmental performance, and contribute to their local communities. IFC’s vision is that people should have the opportunity to escape poverty and improve their lives. As the largest global development institution focused on the private sector, IFC works closely with businesses in developing countries to help them succeed in ways that promote prosperity for all. The IFC’s stated aim is to create opportunities for people to escape poverty and achieve better living standards by mobilizing financial resources for private enterprise, promoting accessible and competitive markets, supporting businesses and other private sector entities, and creating jobs and delivering necessary services to those who are poverty-stricken or otherwise vulnerable. Since 2009, the IFC has focused on a set of development goals that its projects are expected to target. Its goals are to increase sustainable agriculture opportunities, improve health and education, increase access to financing for microfinance and business clients, advance infrastructure, help small businesses grow revenues, and invest in climate health.

Aga Khan Foundation U.S.A. (AKF)

Aga Khan Foundation U.S.A. (AKF USA), established in 1981 in Washington DC, is a private, non-denominational, not-for-profit international organization committed to the struggle against poverty, hunger, illiteracy and poor health, primarily in Africa and Asia. The Foundation works to address the root causes of poverty by supporting and sharing innovative solutions in the areas of health, education, rural development, civil society and the environment. Using community-based approaches to meet basic human needs, the Foundation builds the capacity of community and non-governmental organizations to have a lasting impact on reducing poverty. Aga Khan Foundation has branches and affiliates in 20 countries with its headquarters in Geneva, Switzerland since 1967. AKF USA is an agency of the Aga Khan Development Network (AKDN). AKF USA’s role within the Network includes mobilizing resources and strategic partnerships with a variety of U.S.-based institutional partners including government agencies, policy institutes, corporations, foundations, NGOs, universities, associations and professional networks. AKF USA serves as a learning institution for program enhancement, policy dialogue and disseminating best practices and knowledge resources. It collaborates in providing technical, financial and capacity-building support to other AKDN agencies and programs worldwide. In facilitating and representing AKDN interests in the US, AKF USA organizes outreach campaigns, manages volunteer resources and conducts development education among US constituencies.