The European Bank for Reconstruction and Development (EBRD) is considering providing a portfolio risk-sharing guarantee of up to 75 million euros to AccessBank in order to expand financing for small and medium-sized businesses in Azerbaijan, the EBRD said, APA-Economics reports.
According to the information, the project is currently at the initial assessment stage and is expected to be approved by the EBRD Board of Directors on June 17, 2026.
According to the information, the guarantee will cover 50% of the credit risk of a new micro, small and medium-sized enterprise (MSME) loan portfolio to be issued by AccessBank. Within the framework of the project, the bank’s capital capacity is expected to expand, creating additional resources for issuing new loans.
The guarantee is planned to be allocated in two tranches of 37.5 million euros each. The first tranche will come into force upon signing of the agreement, while the allocation of the second tranche will depend on the EBRD’s decision. Each tranche is planned for a term of up to five years.
The total financing volume for the project amounts to 87.95 million US dollars, while the total project cost stands at 88.36 million US dollars.
The bank noted that the financing will mainly target businesses owned by young people and women, as well as entrepreneurs operating in the regions. This is expected to support inclusive regional economic development.
It should be noted that the EBRD has been operating in Azerbaijan since 1992 and has invested more than 3.7 billion euros in the country during this period. The bank’s main priorities in Azerbaijan include the development of the non-oil sector, strengthening local financial institutions, and supporting the transition to a green economy.
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