OREANDA-NEWS. March 02, 2010. Loan portfolio of AccessBank has exceeded USD 300 million and 100,000 customers.

The bank informed that loan portfolio of AccessBank has exceeded USD 300 million and 100,000 customers. These figures represent growth of loan portfolio by USD 100 million and 50,000 new clients in its loan portfolio over the last 12-months. Despite the international financial crisis, this rapid growth can be attributed to the fact that, at the start of the financial crisis in 2008, contrary to market tendencies, AccessBank increased its maximum loan amount to any one individual client to AZN 2 million. In such a manner reinforcing AccessBank’s reputation as a reliable partner for  Azerbaijan’s business community.

AccessBank General Manager Andrew Pospielovsky, commenting on the new achievements said:  “AccessBank has never halted its activity and continues to make a major contribution to the economic development of the country especially beyond Absheron”.

AccessBank is recognized as the most reliable bank among Azerbaijan banks by the international rating agency Fitch (BB+Long-term IDR & D individual rating) and is 100% foreign owned by six international financial institutions: the European Bank of Reconstruction and Development, the International Finance Corporation, the Black Sea Trade and Development Bank, KfW Development Bank – the Development Bank of the German Government (20% share each), AccessHolding - a strategic investor in microfinance (16.5%), and LFS Financial Systems GmbH - a German consulting company (3.5%).