Access Microfinance Holding AG (AccessHolding) is a new strategic investor in the microfinance industry. Established in 2006 by an international group of private and public investors, AccessHolding will build up a network of microfinance banks worldwide. Investments are taken to success through a combination of growth capital, holding services and technical assistance. Over time, AccessHolding will evolve into a controlling parent company of the network banks, which will set industry standards in terms of professionalism, customer service and commercial return.

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2010-02-01   AccessBank Partners with Save the Children

Baku. 21, January 2010. AccessBank signed a memorandum of understanding with Save the Children – the leading independent relief and development organization, to collaborate and participate in future projects within the framework of the bank’s Corporate Social Responsibility program.

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2010-02-01   AccessBank Deposits Triple

AccessBank sumarises its results for 2009

Baku, 19 January 2010. AccessBank made further strides in 2009, concluding another productive and successful year. AccessBank continued to grow in all areas during the year as the Bank’s assets increased 55% to finish at USD 375 million, the loan portfolio increased 43% to USD 297 million, and most impressively, the deposit portfolio increased by 210% to reach USD 82 million.

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2009-12-25   AccessBank signs AZN loan with EBRD

EBRD has extended its first synthetic AZN loan to AccessBank.

London, December 8, 2009Today, at the Azerbaijan Investment Summit in London, AccessBank signed the first synthetic AZN loan to be extended by the European Bank of Reconstruction and Development (EBRD). Under the synthetic loan, the EBRD will provide the funds to AccessBank in USD, but the actual loan obligation by AccessBank to the EBRD will be the AZN value of the provided funds. This marks a new level of sophistication in EBRD’s work in Azerbaijan and will allow AccessBank to increase its lending in local currency to Azerbaijan’s micro and small businesses, promoting the diversification of the economy. The loan is for an equivalent of USD 10 million (AZN 8 million) and was extended for 4 years.

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