OREANDA-NEWS. April 23, 2010. Total deposits in AccessBank have exceeded USD 100 million

Today AccessBank announced that the deposit portfolio of the Bank passed USD 100 million. Despite the economic headwinds in the world financial sector throughout 2009 and into 2010, AccessBank continued to actively and consistently expand all of its business sectors. Following a 210% increase of the deposit portfolio in 2009 that pushed the total to USD 82 million, 2010 has seen a continuation of this trend as the portfolio increased more than 25% or USD 22 million to at total of USD 104 million. 

The General Manager of AccessBank, Dr. Andrew Pospielovsky, said, ”The strong growth of the deposits in AccessBank shows our increasing outreach and the population’s trust in our Bank. AccessBank has earned this trust through years of stable and reliable activity in Azerbaijan.” 
The conditions and rates offered by AccessBank for deposits are among the best in the banking sector of Azerbaijan. AccessBank strives to make deposits accessible to all people and even offers the higherinterest rates for small than for large deposits. This includes a minimum amount for term deposit of only AZN 50 and only AZN 5 contributions for monthly savings deposits.