AccessBank Loan Portfolio Exceeds $300 mln.

The Loan portfolio of AccessBank has exceeded USD 300 mln and 100,000 customers.

Baku, 02 March 2010. The loan portfolio of AccessBank, one of the lending leaders of the country, has exceeded USD 300 mln and 100,000 customers. These figures represent an increase of USD 100 mln and 50,000 new clients in its loan portfolio over the last 12-months.  This rapid growth can be attributed to the fact that, at the start of the financial crisis in 2008, contrary to market tendencies, AccessBank increased its maximum loan amount to any one individual client from AZN 1 mln to AZN 2 mln. In such a manner reinforcing AccessBank’s reputation as a reliable partner for  Azerbaijan’s business community.  

AccessBank General Manager Dr. Andrew Pospielovsky, commenting on the new achievements said:  “AccessBank has never halted its lending activity or the growth of its portfolio and continues to make a major contribution to the economic development of the country especially in the rural regions of Azerbaijan”.