New Record for Micro Loans in AccessBank

In August, AccessBank disbursed over USD 20 million in micro loans – a new record.  

August was a record month for AccessBank’s micro loan disbursement, which exceeded USD 20 million and accounted for 6,844 loans.  As a result of this latest achievement, AccessBank’s micro loan portfolio now exceeds USD 130 million and 65,000 loans.

Dr. Andrew Pospielovsky, General Manager of AccessBank, welcoming the new record said: ”Despite the difficult situation in financial markets, AccessBank is able, once again, to demonstrate that it remains a reliable partner for Azerbaijani business.  Every day we continue to expand our activities and services – indeed last month we financed almost twice as many micro businesses as in August of 2008.”

Since the beginning of the year, AccessBank’s micro loan portfolio has increased by USD 40 million and 20,000 loans – more than 40%. AccessBank remains committed to helping businesses across the country access financial resources. The latest record proves AccessBank is succeeding in reaching this goal.