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Azerbaijani Access Bank has no problems with drawn foreign lends

Business Materials 9 May 2009 14:23 (UTC +04:00)

Azerbaijan, Baku, May 9 / Trend N. Ismayilova /

Presently, Azerbaijani Access Bank finances over 50,000 enterprises all over the country, the bank's director general Andrew Pospielovski said on May 8.

"There are new jobs, as well as trainings on raising qualification are being held at these enterprises," Pospielovski said.

Presently, the number of clients in the bank increases. So, business and Access Bank operations extend, he said.

Despite continuation of the world financial crisis, the bank's relations with partners are at previous level. This factor promotes attraction of additional funds to finance loan operations.

AccessBank was established to render financial services to Azerbaijani families, as well as micro and small entrepreneurs. AccessBank was admitted as reliable bank among private banks of Azerbaijan by the international rate agency Fitch (BB+). It is 100-percent property of six international institutes: the European bank for reconstruction and development, the international finance corporation, Black Sea trade and development bank, KfW Development Bank (20 percent for each), AccessHolding operating in micro financing as strategic investor (16.5 percent) and German LFS Financial Systems GmbH (3.5 percent).

The bank's authorized capital is 20 million manat.

On May 8, the official exchange rate is 0.8035 manat to $1.

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