OREANDA-NEWS. May 06, 2011. Today, AccessBank opened a new branch in the town of Imishli. The Bank reports that now the number of its offices has already reached 29.

AccessBank aspires to provide full access to quality banking services for Azerbaijan and, in particular, to support business development in the regions. Within this framework, the bank seeks to increase its presence across the country year-by-year, both in the capital and in the regions. This is one of the main goals set for the bank by its shareholders.

Niyamaddin Bayramov, an experienced AccessBank specialist, having successfully completed training and examination by the Central Bank of Azerbaijan, was appointed Branch Manager for the new branch. Bayramov said during the opening ceremony, “The opening of this Imishli branch will provide needed financial services and new jobs for the local community”.

Andrew Pospielovsky, General Manager of AccessBank, welcoming the opening of the new branch said, “Over 1.000 people in Imishli already work with AccessBank, but were served by our Jalilabad branch. I am very happy that now we will be much closer and more accessible for our both our existing and new customers”. The branch will provide a full range of banking services to individuals and legal entities including opening of accounts, deposits, money transfers and VISA plastic cards, as well as credit in the form of business and consumer loans.

The mission of AccessBank is to provide access to financial services for Azerbaijan’s micro and small businesses and low- and middle-income households.  AccessBank has been recognized by the International Fitch Rating Agency as the most reliable bank in Azerbaijan among private banks (BB+), and AccessBank was named “Best Bank in Azerbaijan” by both Global Finance (2011) and Euromoney (2010) magazines in their annual awards.

AccessBank is 100% foreign owned by six shareholders, consisting of: the European Bank of 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% each), Access Microfinance Holding (16.5%), and LFS Financial Systems GmbH – a German consulting company (3.5%).