Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, Azerbaijan-based AccessBank posted its assets at AZN 375 million, up 55% from a year ago.
The bank said deposit portfolio more than tripled to AZN 82 million and loan portfolio rose by 43% to AZN 297 million, said Dr. Andrew Pospielovsky, General Manager of AccessBank.
In his words, the complicated economic circumstances enabled the bank and its staff to prove its capability.
In 2009, AccessBank ranked the 41st in the 2008 Global 100 Composite by Microfinance Information Exchange, Inc.
Besides, Fitch Ratings affirmed Access Bank BB+ rating as the highest rating among Azerbaijan-based banks.
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 – Access Holding which owns a 16.53% stake.
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