AccessBank
TypeClosed Joint-Stock Company
IndustryBanking
Founded29 October 2002
Headquarters
Baku
,
Azerbaijan
Area served
Azerbaijan
Key people
Davit Tsiklauri,
Chairman of the Board
ProductsFinancial services

AccessBank is a bank with headquarters in Baku, Azerbaijan.

History

The bank was founded on 29 October 2002 as the Micro Finance Bank of Azerbaijan by Black Sea Trade & Development Bank, European Bank for Reconstruction and Development, International Finance Corporation, KfW and LFS Financial Systems sharing 20 percent of the equity each.[1]

In 2003, the bank received its first refinancing loan from the EBRD in the amount of USD 5 mln. The current accounts and the money transfer system were launched in 2004. In 2005, the term deposit launched and the bank joins the international SWIFT, Western Union and Privat Money money transfer networks. Moreover, it receives the first non-shareholder refinancing loans from Global Microfinance Facility, Blue Orchard, Deutsche Bank, Incofin, and Triodos. At the same year it opens the first regional branch in Ganja. In 2007, AccessHolding joins as a new shareholder and owns 16.53 percent of the equity decreasing LFS Financial Systems' shares to 3.47 percent.[2]

Sports sponsorship

Since 2010, AccessBank is a lead sponsor of the AFFA.[3]

See also

References

  1. ↑ "AccessBank official web page, Shareholders". Archived from the original on 2011-11-13. Retrieved 2011-11-02.
  2. ↑ Safaroff. "AccessBank - History". www.accessbank.az. Archived from the original on 2013-04-20. Retrieved 2013-04-10.
  3. ↑ AccessBank Milli futbolun sponsoru oldu, Banklar və Biznes, retrieved 2 November 2011
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