Source: AccessBank.
Baku, October 30 – AccessBank has opened two new branches in the Mardakan neighborhood outside of Baku and the northern city of Zagatala. Their opening expands the AccessBank branch network to a total of twenty, including 11 branches across the country, outside Baku.
Vugar Mirzazade and Elim Suleymanli, experienced specialists at AccessBank, have been certified by the National Bank of Azerbaijan and have been appointed as the new branch managers.
Both branches will offer a full range of business and retail banking products, including current and deposit accounts, financing, plastic card services, as well as domestic and international money transfers through Western Union, CoinStar, Privat Money, Bystraya Pochta, Migom, and Contact.
AccessBank general manager Andrew Pospielovsky said, “Expanding our branch network, especially in the regions of Azerbaijan, is the foundation for the fulfillment of our mission of improving access to banking services. With the opening of the branches in Mardakan and Zagatala we are bringing a full range of banking services to tens of thousands more businesses and families.”
The rapid development of AccessBank is shown by the fact that the 20 branches have been opened within six years of operation. The branch network now covers many regions of Azerbaijan, including the cities of Baku, Sumgayit, Gandja, Shaki, Lankaran, Khachmaz, Mingachevir, Gazakh, and Zagatala. The continued expansion of the branch network outside of Baku offers the opportunity for people who are typically underserved by banks to benefit from a wide range of financial services.
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AccessBank is 100 percent foreign owned by six shareholders: the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC), the Black Sea Trade and Development Bank,KfW Development Bank – the Development Bank of the German Government (20 percent share each), AccessHolding – a strategic investor in microfinance (16.5 percent), and LFS Financial Systems GmbH– a German consulting company (3.5 percent).
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