Bank Of Baku

AccessBank reports a record micro-credit book

AccessBank reports a record micro-credit book
# 03 March 2009 13:18 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based AccessBank has announced that it lent $20 million worth of more than 650 credits to businesses during February, a historical high reached in a month.
Of this, $4.5 million went to the farming sector, said the bank.
Depending on the needs of clients, AccessBank lends loans in the size of AZN/USD/EUR 100 to AZN/USD/EUR 1 million.
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.
Besides, the bank’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 19 branches, 19 ATMs and 40 POS-terminals.
1 2 3 4 5 İDMAN XƏBƏR
#
#

THE OPERATION IS BEING PERFORMED