AccessBank expands branch network

AccessBank opened on Thursday a regional branch in Shamkir, located in the west part of the country, the bank's statement said today.

With this new branch opening, the number of bank branches totals 33, which includes 15 in the regions of Azerbaijan. The new branch, similar to the majority of AccessBank branches, will provide a full range of services to individuals and legal entities. These services include opening of current and deposit accounts, Visa plastic cards, money transfers within the country and internationally, as well as disbursement of small business and consumer loans.

AccessBank continues to expand its branch network every year to cover more regions. Increasing the number of full services branches in the country creates flexibility and convenience for the clients. One of the main objectives of the bank is to improve the lives of the people living in the regions by promoting business development.

"AccessBank is already providing financing over to 3,000 clients in Shamkir. Until today, these clients were served by AccessBank's Ganja branches, 39 km from Shamkir. I am delighted that now AccessBank is much closer and convenient for both these clients and for our future clients from the Shamkir region. AccessBank continuously strives to improve its client services," Andrew Pospielovsky, General Manager of AccessBank, said commenting the opening of the new branch.

AccessBank was established to provide access to financial services for Azerbaijan's micro and small businesses and low and middle income households. AccessBank is recognized as the most reliable bank in Azerbaijan by Fitch International Ratings ('BB+ Outlook Stable'), and as "The best bank in Azerbaijan" by Global Finance (2011) and Euromoney (2010 & 2011) in their annual awards as well as "The Bank of the Year" by The Banker (2011). AccessBank is 100 percent foreign owned by six shareholders, consisting of: 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 percent per each), Access Microfinance Holding acting in microfinance field as a strategic investor (16.5 percent), and LFS Financial Systems GmbH - a German consulting company (3.5 percent).


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