Access Bank Azerbaijan
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| Type | Closed Joint-Stock Company |
|---|---|
| Industry | Banking |
| Founded | 29 October 2002 |
| Headquarters | , |
Area served | Azerbaijan |
Key people | Evgenia Gashikulina, Acting Chairman of the Board |
| Products | Financial services |
| Website | www.accessbank.az |
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[]
- Azerbaijani manat
- Banking in Azerbaijan
- Central Bank of Azerbaijan
- Economy of Azerbaijan
- List of banks in Azerbaijan
References[]
- ^ "AccessBank official web page, Shareholders".
- ^ Safaroff. "AccessBank - History". www.accessbank.az.
- ^ AccessBank Milli futbolun sponsoru oldu, Banklar və Biznes, retrieved 2 November 2011[dead link]
- Government of Azerbaijan
- Economy of Azerbaijan
- Banks of Azerbaijan
- Banks established in 2002
- 2002 establishments in Azerbaijan