Baku, Azerbaijan, March 19
The Global Finance magazine has named AccessBank the "Best Bank in Azerbaijan" in its 2015 Awards for "Best Emerging Markets Banks in Asia-Pacific". The Global Finance editors - with input from industry analysts, corporate executives and banking experts - selected the best emerging market banks in 25 countries. Criteria for choosing the winners included growth in assets, strategic relationships, customer service, competitive pricing, and innovative products.
"The Award from such reputable institution as Global Finance reflects the success and hard work of the Bankers of AccessBank striving every day for providing highest level service and banking products to our clients," Michael Hoffmann, CEO of AccessBank welcoming the announcement commented.
"Banking markets around the world are changing dramatically in the face of a new regulatory landscape and changing conditions. Some global players are reducing their footprints and product lines, while some regional and local players are expanding beyond their home markets," said Joseph D. Giarraputo, publisher and editorial director of Global Finance. "We honor those banks that have the deepest commitment to the markets in which they operate and understanding of the specific needs of customers based in those markets."
This is the twenty-second year that the magazine has selected top banking performers in emerging markets. The report covers best banks in Latin America, Central & Eastern Europe, Asia-Pacific, the Middle East and Africa.
Global Finance Magazine reports on the international finance sector, covering such topics as corporate finance, joint ventures, country profiles etc. The magazine also holds several awards ceremonies throughout the year to recognize the winning financial institutions and companies. The largest of these ceremonies is held contemporary to the IMF and World Bank annual meetings.
AccessBank was founded in 2002 by BSTDB, EBRD, IFC, KfW, the German consulting company LFS Financial Systems (LFS) and Access Holding. AccessBank provides loans to micro and small businesses and has a wide network of branches in Azerbaijan employing more than 2000 people. Fitch Ratings assessed AccessBank as BBB-, the highest credit rating among all banks in Azerbaijan.