OREANDA-NEWS. September 2, 2010. AccessBank, one of the leading lenders in Azerbaijan, today announced the launch of a new Education Loan product.  The loan is designed to help individuals finance the cost of higher and further education, both within the country and abroad. A distinctive feature of this product is that students gaining top marks in their studies will be rewarded with lower interest rates in subsequent years of their study. 

Andrew Pospielovsky, General Manager of AccessBank, greeting the launch of the new product said: “Education is the most valuable investment that an individual can make, and we are very pleased that AccessBank now has a loan product to help people make this investment”.

AccessBank’s loan portfolio now exceeds USD 348 mln and 120 thousand customers. Since the start of the year, the loan portfolio has increased by over USD 51 mln and 20 thousand clients.  The bank disburses over 10,000 new loans every month, which includes over 2,000 retail loans.