In February AccessBank disbursed $20m in Micro Loans – a monthly record

Baku, 2 March 2009. Today Access Bank announced that in February it disbursed over 6,500 Micro Loans for USD 20 million to businesses across Azerbaijan. This is the highest number and amount of Micro Loans that AccessBank has disbursed in a one-month period in its history. The record number of Micro Loans included over 2,000 Agro Loans for over USD 4.5 million – also setting new monthly records. This record effort was led by AccessBank’s Ganja branch which alone granted micro loans to over 900 businesses in the Ganja region in February. Through its Micro lending AccessBank is making a leading contribution to the development of small businesses across Azerbaijan and especially in the regions, helping to create jobs and diversify the economy.

General Manager Andrew Pospielovsky, greeting the announcement said: “We are experiencing record demand, as many institutions are forced to restrict their lending due to the global financial crisis. We are proud that, in this difficult environment, AccessBank is able to step in and provide essential financing to Azerbaijan’s small business community and demonstrate again that we are Azerbaijan’s reliable business partner”.