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AccessBank’s authorized capital is AZN 20 million.
AccessBank owns 100% foreign capital and belongs
to the six international financial institutions
specified below:
European Bank of Reconstruction and Development
– 20%
EBRD was established in 1991 by
the governments of 60 countries to accelerate
the transfer to a market economy in Central and
Eastern Europe as well as CIS countries. EBRD,
the largest single investor in the region, uses
the tools of investment to help build market economies
and democracies. As of January 2008, EBRD had
invested in 77 Azerbaijan projects for a total
of EUR 2,6 billion.
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International
Financial Corporation – 20%
IFC, a member of the World Bank Group,
fosters sustainable economic growth in developing
countries by financing private sector investment,
mobilizing capital in the international financial
markets, and providing advisory services to businesses
and governments. Since 1995, IFC has invested
over USD 155 million in various projects in Azerbaijan.
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KfW Development Bank (Credit
Organization for the Development of Germany) –
20%
KfW is the leading German bank in stimulating
economic development in Germany as well as developing
countries. KfW, representing the financial interests
of the German Government and other donors, has
committed over EUR 51.5 billion to developing
and transition countries. KfW is the 7th largest
bank in Germany with assets of over EUR 360 billion
and 3700 employees.
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Black Sea Trade & Development
Bank – 20%
BSTDB is an international financial institution
established by the governments of Albania, Azerbaijan,
Armenia, Bulgaria, Georgia, Greece, Moldova, Romania,
Turkey and Ukraine. With an authorized capital
of SDR 3 billion (approx. USD 4.5 billion), BSTDB
supports economic development and regional cooperation
by providing trade and project financing, guarantees,
and equity for development projects supporting
both public and private enterprises in its member
countries.
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LFS Financial Systems GmbH
– 3.47%
LFS Financial Systems Consulting Company
is a strategic investor and the ideological center
of AccessBank. Established in 1997, it is a consulting
company that specializes in financial services
for micro and small enterprises all over the world.
Its long-term projects are concentrated in Azerbaijan,
Mongolia, Mozambique, Madagascar, Malawi, Tajikistan,
Uzbekistan, Tanzania and Nigeria.
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ACCESS HOLDING – 16.53%
AccessHolding, a strategic investor in
the microfinance industry, was established in
2006 by an international group of private and
public investors. Its shareholders are CDC Group
plc, European Investment Bank, International Finance
Corporation, KfW Development Bank, MicroAssets
GbR and the Omidyar Tufts Microfinance Fund. The
committed capital of AccessHolding is EUR 21.5
million.
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