Azerbaijan, Baku, Aug.9 / Trend /
Euromoney named AccessBank the "Best Bank of Azerbaijan" last week. The award was presented at the company's annual event, Euromoney - Awards for Excellence.
Every year, Euromoney awards leading banks and financial institutions from over 100 countries. The awards are presented in 25 categories. A group of financial experts selects the winners after reviewing bank data and conducting surveys with international correspondent banks. The group also reviews market position, market share, banking products and services, management, professionalism, innovation and capital.
"AccessBank's success is due to the individual contribution of each member of our staff," AccessBank General Manager Andrew Pospielovsky said. "Winning the Euromoney award is a recognition of their dedication. The award once again recognizes that our corporate goal of responsible banking is a solid foundation for business success."
Euromoney comprises approximately 100 different companies specializing in finance and banking. The group also issues the monthly Euromoney magazine.
AccessBank's mission is to provide access to financial services for Azerbaijan's low and middle-income households, and micro- and small-sized businesses.
The Fitch Rating Agency has recognized AccessBank as the most reliable non-state-owned bank in Azerbaijan, with a BB+ rating.
AccessBank is a 100-percent foreign-owned bank, with six shareholders, including the European Bank of Reconstruction and Development, the International Finance Corporation, the Black Sea Trade and Development Bank, KfW Development Bank (20 percent each), Access Microfinance Holding (16.5 percent), and LFS Financial Systems (3.5 percent).