AccessBank offers preferential loans to entrepreneurs

Business Materials 18 November 2015 15:48 (UTC +04:00)

Baku, Azerbaijan, Nov. 18


AccessBank has started cooperating with the National Fund for Entrepreneurship Support thereby enabling the Bank to support its small, medium, and micro business clients with local currency loans at preferential interest rates.

AccessBank, the market leader in micro and SME finance, will provide the preferential loans mainly to those sectors of the economy which are most important for the socio-economic development of the country, particularly to the agricultural and manufacturing industry, thereby contributing to the development of the non-oil sector of the economy and supporting entrepreneurship in the country.

AccessBank was founded in 2002 by BSTDB, EBRD, IFC, KfW, the German consulting company LFS Financial Systems (LFS) and AccessHolding. AccessBank is a leading universal bank in Azerbaijan which offers a full range of banking services and has a wide network of branches in Azerbaijan employing more than 2000 staff. Fitch Ratings assessed AccessBank as BBB-, the highest rating among all banks in Azerbaijan.