AccessBank opened as the Micro Finance Bank of Azerbaijan
(MFBA) on October 29, 2002, and was re-branded in
September 2008 as AccessBank. AccessBank is 100% foreign
owned by six shareholders: the European Bank of Reconstruction
and Development, the International Finance Corporation,
the Black Sea Trade and Development Bank, KfW Development
Bank – the Development Bank of the German Government
(20% shares each), AccessHolding - a strategic investor
in microfinance (16.53%), and LFS Financial Systems
GmbH - a German consulting company (3.47%), also responsible
for management of the bank. AccessBank is one of the
largest private banks in Azerbaijan. It is supported
by the European Community and the German Government.
AccessBank’s mission is to be Azerbaijan’s bank for
micro and small businesses and low and medium income
families. AccessBank strives to provide financial
services at European standards, including loan products,
current accounts, savings facilities, plastic cards,
trade financing, and money transfer and payment services.
The aim of AccessBank is to achieve the highest banking
standards, in particular with respect to efficiency,
transparency, and customer satisfaction. As a commercial
bank with a full banking license, AccessBank also
offers financial services to other types of clients,
including larger enterprises and international organizations
as well as to companies sharing AccessBank’s core
mission.
AccessBank’s activity
of is based upon the following objectives:
• Customer Satisfaction:
AccessBank strives to provide desired
products and services at minimal costs.
• Efficiency & Standardization:
AccessBank aims for efficiency and
standardization in its products and procedures, reflecting
the nature of microfinance as a mass business.
• Transparency: AccessBank
was founded on transparency and accuracy. This is
evident in both the bank’s information-sharing policy
and its treatment of customers.
• Product Improvement:
In an effort to meet customer demands and to live
up to its position as one of the most advanced banks
of Azerbaijan, AccessBank continually expands its
range of products.
• Human Resources Development:
AccessBank’s success in part depends
on its highly qualified personnel. AccessBank’s human
resources development policy includes long-term efforts
to enhance career opportunities, to provide regular
workshops and trainings as well as to encourage employee
productivity and improvement through rewards.
The above-mentioned principles allow AccessBank to
serve its customers at a high level of quality while
also reaching high profitability. AccessBank’s shareholders
direct its profits towards further improvement of
the bank, development of new products and the continual
enhancement of employees’ skills.
