AccessBank Deposits increase by 200%

The deposit portfolio of AccessBank has tripled since the beginning of 2009.

The growth of deposits at AccessBank has been far above the market average in 2009.  Despite the challenging situation in the global and local economies, deposits have increased more than 200% year-to-date.  The increase in the deposits comes as AccessBank maintained stability and growth throughout its business during the financial crisis and brings total deposits to more than USD 80 million.

General Manager of AccessBank, Dr. Andrew Pospielovsky, commenting on these results said, “I welcome that the population of Azerbaijan has now actively started thinking about keeping deposits in banks, to keep something in reserve to guarantee their future – as we say in England – to ‘put something aside for a rainy day’”