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AccessBank to open 2 more regional branches

AccessBank to open 2 more regional branches

11 November 2009 12:08 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-ECONOMICS. Azerbaijan-based AccessBank plans to open 2 more regional branches by February 2010 to increase the number of branches to 25.

The bank said the branches will be opened in Barda and Gandja. Because that is the second branch in Gandja, the branch is named as Gandja-2.

Microfinance Bank of Azerbaijan changed its name to Access Bank after approval by the National Bank of Azerbaijan in September, 2008.
The new name derives from the name of one of the shareholders â€“ Access Holding which owns a 16.53% stake.
Besides, the bankâ€™s shareholders are EBRD (20%), IFC (20%), BSTDB (20%), KfW (20%) and LFS Financial Systems GmbH. (2.47%).
The bank has been in operation since 2002. It operates 23 branches, 23 ATMs and 47 POS-terminals.

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