BAKU, Azerbaijan, March 14. Last year was quite successful and critical for AccessBank in every sense, Chairman of the Management Board of AccessBank Davit Tsiklauri said in an interview with Trend.
According to him, these changes allowed the bank to improve its financial performance.
"Speaking of performance, it is worth noting profitability on equity, because it will not be entirely correct to measure the results in the banking sector by absolute figures. The profitability on equity of our bank in 2020 and 2021 was close to zero, and in 2022 it amounted to 17 percent," Tsiklauri said.
Referring to profitability, Tsiklauri noted that for foreign shareholders of banks in Azerbaijan and the region, the expected return on equity (ROE) is approximately 20 percent.
"Many Azerbaijani banks have crossed this threshold, and we expect that our profitability on capital will only grow in the future," he added.
The mission of AccessBank is to contribute to the sustainable development of Azerbaijan by providing responsible financial services and solutions to households and micro, small, and medium enterprises, using internationally recognized best banking practices. The bank is committed to delivering value for our clients, shareholders, employees, and society at large. The mission is based on its values: integrity and openness, professionalism, commitment to customers, teamwork, and social and environmental responsibility.