OREANDA-NEWS. October 8, 2009. September became a record month for AccessBank on volume of the disbursed micro loans.

Bank’s general manager Andrew Pospielovsky says that last month quantity of the extended loans reached 10,000 for the first time.

“September became a record month for our Bank on disbursal of loans when we crossed the level of 10,000 loans during one month and amount of the disbursed loans exceeded USD 36 million. We feel that needs in our services grow every month and that we carry out our work right,” he said.

He said that along with loan portfolio their deposit portfolio has increased much this year.

“It gives us the right to consider that we inspire trust to the population of Azerbaijan. The population thinks not only of simply investing but also of where to invest. In 2009 deposits Access Bank rose by more than 150%,” Mr. Pospielovsky said.

AccessBank’s mission is to render financial services for Azerbaijani families as well as micro and small businessmen. AccessBank has been recognized as the most reliable private bank in Azerbaijan by Fitch Ratings which assigned it the highest rating among private banks (BB+). AccessBank is 100% foreign owned by six shareholders: European Bank of Reconstruction and Development, International Finance Corporation, Black Sea Trade and Development Bank, KfW Development Bank – Development Bank of the German Government (20% each), Access Microfinance Holding - a strategic microfinance investor (16.5%), and LFS Financial Systems – a German consulting company (3.5%).