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AccessBank launches Shamkir branch

10 May 2012 14:32 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. Today AccessBank has opened its next regional branch in the city of Shamkir, located in the west part of the country.

The Bank reports that with this new branch opening, the number of its branches has reached 33, which includes 15 in the regions of Azerbaijan.

The new branch, as well as most 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.

Commenting the opening of the new branch, AccessBankâ€™s general manager Andrew Pospielovsky said: â€œAccessBank is already providing financing over to 3000 clients in Shamkir. Until today, these clients were served by AccessBankâ€™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.â€

AccessBank was established to provide access to financial services for Azerbaijanâ€™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 (â€™BB+ Outlook Stableâ€™), and as â€œThe best bank in Azerbaijanâ€ by Global Finance (2011) and Euromoney (2010 & 2011) in their annual awards as well as â€œThe Bank of the Yearâ€ by The Banker (2011).

AccessBank is 100% 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 â€“ the Development Bank of the German Government (20% per each), Access Microfinance Holding acting in microfinance field as a strategic investor (16.5%), and LFS Financial Systems GmbH â€“ a German consulting company (3.5%).