Our BankOur history

Introduction

Established in 2002, AccessBank Azerbaijan stands as a pioneering financial institution dedicated to fostering financial inclusion and supporting economic growth in Azerbaijan. With a robust network of branches (more than 30 branches) across the country, AccessBank provides a wide array of banking services to individuals and businesses, including savings and deposit accounts, loans, and innovative financial products tailored for micro, small, and medium-sized enterprises (MSMEs).

The bank's impressive growth is reflected in its valued financial data, including substantial net profits, indicative of its sound financial management and strategic initiatives. AccessBank's strong performance is underscored by key financial metrics such as total capital and total assets, which highlight its stability and resilience in the competitive banking sector.

History

AccessBank CJSC began its operations in Baku on October 29, 2002. In its early years, it was known as the Azerbaijan Microfinance Bank (AMMB). From September 8, 2008, it has been operating under the name "AccessBank". Currently, the bank has 32 branches in Baku city, Absheron, and other regions.

AccessBank in Azerbaijan is primarily engaged in providing financial services to micro and small entrepreneurs, as well as to low and middle-income families.

2025

The Access2Success project was launched for the third time to support women entrepreneurship.
The Khachmaz branch was opened with an updated concept.
New branches opened in Jalilabad (35th) and Balakan (36th).
USD 8 million was attracted from the BlueOrchard Fund.
Won three prestigious nominations at the ABA “Banking Awards – 2024” ceremony.
USD 10 million additional financing was received from the EBRD to support SMEs.

2024

AccessBank opened new branches in Goranboy, Quba, and Masalli, expanding its regional network.
AccessBank and Visa launched the first innovative co-branded branch in Azerbaijan.
AccessBank was awarded the "Gender Equality Financing" prize.
AccessBank joined the UN Global Compact.
AccessBank joined the EBRD Trade Facilitation Programme.
AccessBank and SMEs signed a Memorandum for implementing the "From Us to Business" project.
AccessBank signed a new $10 million credit agreement within the “Agents for Impact” project managed by “Invest in Visions” funds.
AccessBank opened the “20 January” branch with an updated concept.
AccessBank received awards in 4 nominations at the ceremony organized by the Azerbaijan Banks Association (ABA).

2023

The successful implementation of “Access2Success” project led to receiving the "The most active supporter in improving financial literacy" award from The Azerbaijan Banks Association (ABA)..
AccessBank secured a credit agreement valued at 17 million AZN with the prestigious European investment company, Enabling Qapital Ltd.
Visa recognized AccessBank for its effective promotion of cashless payments and for introducing the myCard Junior, aimed at children and teenagers.
AccessBank's deposit portfolio surpassed one billion manats.
AccessBank initiated the Access2Success project, focused on enhancing the professional skills of female entrepreneurs, with support from its primary shareholder, the Asian Development Bank.

2022

AccessBank became the first bank to participate in the Agent Banking project, a collaborative effort with the Central Bank of the Republic of Azerbaijan and "Azərpoçt".
Access2Success training sessions were conducted for female entrepreneurs.
AccessBank joined the United Nations Women's Empowerment Principles (WEPs) initiative, marking the bank as the first in Azerbaijan to adopt these principles.
The President of the Republic of Azerbaijan Ilham Aliyev signed a decree approving the "Direct agreement on investment document between the Government of the Republic of Azerbaijan, Masdar Azerbaijan Energy LLC, and AccessBank CJSC."
AccessBank significantly increased its capital base by AZN 11.4m through additional investment from existing shareholders. This capital infusion commenced with the issuance of AZN 11,388,889 Preferred Shares, each with a nominal value of AZN 1.
AccessBank issued inaugural theme bonds to foster development in the agricultural sector. These bonds, totaling USD 5 million with an 18-month term and a coupon rate of 5.5% per annum, were fully subscribed.
AccessBank opened its 30th branch in Nakhchivan and its 31st branch in Gabala.

2021

TV and radio presenter Tural Yusifov was elected as the new ambassador for AccessBank.
David Tsiklauri assumed the position of Chairman of the Board at AccessBank.
AccessBank expanded its presence with the opening of its 29th branch in Shamkir city.