AccessBank has successfully completed the next capital increase

AccessBank has successfully increased its capital base by AZN 11.4m through the new investment from its existing shareholders.

Capital increase has been initiated through the issuance of AZN 11 388 889 Preferred Shares with a nominal of AZN 1. All shares have been subscribed in full.

“Today we successfully completed yet another milestone to further support our growth plans within the MSME and retail segments”, Davit Tsiklauri, Chairman of AccessBank Management Board commented. “We are pleased to see continued confidence of our shareholders in AccessBank and Azerbaijan banking sector; this capital increase provides further stimulus to serve and fulfil the needs of our customers”.