OREANDA-NEWS. October 06, 2010. The first microfinancial organization of Azerbaijan Access Bank has achieved that attracted  deposits cover 40% of its loan portfolio.

According to head of the bank Andrew Pospilovski, deposits in the bank already have grown more than by 70% and we expect 100 per cent depositary growth following the results of the  year.

“Deposits already cover 40% of loan portfolio and they are enough for  provision of growth of lending. As the  result,  our demands for raising funds from abroad were reduced. In 2010, they remained at former level, although, we can attract as much as we will want,” A. Pospilovski said.

Today, depositary portfolio of the bank is estimated at USD 150 million and can increase to USD 170 million till the end of the year.