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.

2018
  • Anar Hasanov assumed the role of Chairman of the Board at AccessBank.
  • AccessBank bolstered its share capital by 140 million Manat.
  • The bank upgraded its operating system from the T24 banking system version R10 to R16.
2017
  • The EBRD honored AccessBank with the title of "The Most Active Issuing Bank in trade finance."
  • Rolf Reichardt was appointed as the new Chairman of the Management Board.
  • AccessBank introduced the myAccess mobile banking application.
  • The European Investment Bank extended a senior loan of EUR 20 million to AccessBank.
2016
  • AccessBank introduced new multifunctional "myCard" cards.
  • The Banker recognized AccessBank as the "Bank of the Year in Azerbaijan" for the fourth consecutive time.
  • AccessBank Azerbaijan secured USD 17 million in funding from BSTDB to boost financing for SME businesses.
  • Euromoney awarded AccessBank the "Azerbaijan’s Best Bank" accolade for the sixth time.
  • AccessBank signed its first loan agreement under the EBRD co-financing facility.
  • AccessBank entered into a framework agreement with the Asian Development Bank.
2015
  • The Banker (FT Group) bestowed the "Bank of the Year" award upon AccessBank.
  • AccessBank successfully launched the "myAccess" Internet Banking service.
  • IFC provided a $25 million subordinated loan to AccessBank.
  • Fitch affirmed AccessBank's credit rating at the investment grade level.
  • AccessBank was named “the Best Bank” by Global Finance.
  • AccessBank received awards in two categories of the AMCHAM CSR 2014 Excellence Award.
  • EFSE and AccessBank expanded their existing partnership to extend support to rural MSMEs in Azerbaijan.
2014
  • Fitch upgrades AccessBank to an Investment Grade 'BBB-' with a Stable Outlook.
  • AccessBank secures its first loan from the European Investment Bank in Azerbaijan.
  • AccessBank introduces a system of granting loans utilizing information from electronic reference letters.
  • AccessBank attracts USD 15 million for energy efficiency projects from The Green for Growth Fund. 
  • AccessBank is awarded Euromoney's "Best Bank in Azerbaijan" for the fifth consecutive year.
  • AccessBank finalizes a USD 15 million loan agreement with BSTDB.
  • AccessBank secures a USD 60 million syndicated loan arranged by Raiffeisen Bank International AG.
  • EFSE provides AccessBank in Azerbaijan a USD 15 million senior loan.