Bank Of Baku

AccessBank opens branches in Merdakan and Zagatala

AccessBank opens branches in Merdakan and Zagatala
# 30 October 2008 14:17 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based AccessBank has opened next branches in Merdakan and Zagatala.
The bank said new branches offer all types of banking services to customers.
The bank’s branch coverage includes Baku, Sumgayit, Gandja, Mingechevir, Sheki, Lenkeran, Khachmaz and Gazakh.
As of October 1, AccessBank’s assets stood at AZN 187.532 million, loan portfolio at AZN 158.718 million, deposit portfolio at AZN 17.208 million, total capital at AZN 39.665 million and authorized capital at AZN 20 million.
Microfinance Bank of Azerbaijan changed its name to Access Bank after approval by the National Bank of Azerbaijan in September.
The new name derives from the name of one of the shareholders – Access Holding which owns a 16.53% stake.
The bank has been in operation since 2002.
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