OREANDA-NEWS. June 20, 2012. Today, AccessBank has announced that its deposit portfolio surpasses USD 200 million.

The Bank informs that growth of the deposit portfolio demonstrates customers’ growing trust in AccessBank, earned through many years of stable work in Azerbaijan. Presently AccessBank has about 120,000 customers among which are both individuals and legal entities.

AccessBank’s deposit conditions are among the most beneficial in the domestic banking sector. The Bank offers various types of deposit products both for legal entities and individuals. Detailed information regarding types of deposits and their respective terms may be obtained on AccessBank’s website at www.accessbank.az.

AccessBank’s general manager Andrew Pospielovsky, commenting on the growth of the deposit portfolio, said: “For 10 years in Azerbaijan, AccessBank has earned its reputation as a reliable partner both for financing and savings. The fact that our deposit portfolio exceeds USD 200 million and customer accounts reach 120,000 confirms the trust we have gained among the people of Azerbaijan”.

AccessBank was established to provide access to financial services for Azerbaijan’s micro and small businesses and low and middle income households. AccessBank is recognized as the most reliable bank in Azerbaijan by Fitch International Ratings (’BB+ Outlook Stable’), and as “The best bank in Azerbaijan” by Global Finance (2011) and Euromoney (2010 & 2011) in their annual awards as well as “The Bank of the Year” by The Banker (2011). AccessBank is 100% foreign owned by six shareholders, consisting of: 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% per each), Access Microfinance Holding acting in microfinance field as a strategic investor (16.5%), and LFS Financial Systems GmbH – a German consulting company (3.5%).