Azernews.Az

Azerbaijan’s AccessBank has exceeded $1 billion in its loan disbursements. Since the beginning of the bank’s operations in 2002, it has disbursed 300,000 loans to more than 175,000 customers. Over 90% of this amount was allocated to businesses, and AccessBank is playing a leading role in the development of the Azerbaijani economy and the creation of new employment opportunities.
This is especially the case in the regions of Azerbaijan and in the agriculture - one-third of all business loans being disbursed by AccessBank are designated for financing the agricultural sector.
AccessBank General Manager Andrew Pospielovsky said while commenting on this latest achievement: "AccessBank has become a reliable partner for Azerbaijan’s business community, especially in the regions of the country. Tens of thousands of local businesses across the country are growing with the help of financing from AccessBank – creating new jobs and increasing income levels of the population."
AccessBank’s mission is to provide access to financial services for low and middle income Azerbaijani families and micro and small businesses. AccessBank is recognized as the most reliable bank in Azerbaijan by the international rating agency Fitch (BB+) and is 100% foreign owned by six international financial institutions: the European Bank of Reconstruction and Development, the International Finance Corporation, the Black Sea Trade and Development Bank, KfW Development Bank – the Development Bank of the German Government (20% share each), AccessHolding - a strategic investor in microfinance (16.5%), and LFS Financial Systems GmbH - a German consulting company (3.5%).*