Access Bank Azerbaijan

AccessBank is a bank with headquarters in Baku, Azerbaijan.

AccessBank
Closed Joint-Stock Company
IndustryBanking
Founded29 October 2002
Headquarters
Baku
,
Azerbaijan
Area served
Azerbaijan
Key people
Anar Hasanov,
General Manager and Chairman of the Board
ProductsFinancial Services
Websitewww.accessbank.az

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]

gollark: On some of them you literally have to unglue the screen.
gollark: Apparently, though, most consumers do not actually care, and thus the magic of capitalismâ„¢ has produced slightly shinier and harder to repair phones.
gollark: I would really prefer phones using technology such as "screws" and "detachable connectors" and "swappable parts".
gollark: no.
gollark: I don't go diving or swimming or whatever with my phone, so I'd value removable batteries over waterproofing.

See also

References
  1. "AccessBank official web page, Shareholders".
  2. Safaroff. "AccessBank - History". www.accessbank.az.
  3. AccessBank Milli futbolun sponsoru oldu, Banklar vÉ™ Biznes, retrieved 2 November 2011
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