OREANDA-NEWS. April 13, 2010. AccessBank announced that the deposit portfolio of the Bank exceeded USD 100 million. Despite the economic headwinds in the world financial sector throughout 2009 and into 2010, AccessBank continued to actively and consistently expand all of its business sectors. Thus, deposit portfolio increased by 210% an totaled over USD 82 million. From the beginning of 2010, it increased by another 25% or USD 22 million and exceeded  USD 104 million.

The General Manager of AccessBank, Andrew Pospielovsky, said, ”The strong growth of the deposits in AccessBank shows our increasing outreach and the population’s trust in our Bank. AccessBank has earned this trust through years of stable and reliable activity in Azerbaijan.”

The conditions and rates offered by AccessBank for deposits are among the best in the banking sector of Azerbaijan. AccessBank strives to make deposits accessible to all people and even offers the higher interest rates for small than for large deposits. This includes a minimum amount for term deposit of only AZN 50 and only AZN 5 contributions for monthly savings deposits.

The International Fitch Rating Agency has recognised AccessBank as the most reliable bank of Azerbaijan (BB+). AccessBank is 100% foreign owned by six shareholders, consisting of: the European Bank for Reconstruction and Development, the International Finance Corporation, the Black Sea Trade and Development Bank, KfW Development Bank – the Development Bank of the German Government (20% per each), Access Microfinance Holding acting in microfinance field as a strategic investor (16.5%), and LFS Financial Systems GmbH – a German consulting company (3.5%).