Tajikistan’s financial sector is not yet highly developed but since the end of the Civil War in 1997, political stability and foreign aid have allowed the country's economy to grow. Nevertheless, Tajikistan’s per capita GDP is by far the lowest in the CIS region.
AccessBank Tajikistan is a joint venture of AccessHolding and three of its partners with long-standing experience in the sector: the European Bank for Reconstruction and Development (EBRD), the International Finance Corporation (IFC) and KfW Development Bank. The bank was inaugurated on 29 March 2010 and has its head office as well as four branches in the capital Dushanbe. The bank's fifth branch was opened in the second half of 2012 and is located in Khujand, northern part of Tajikistan. As of December 2012, since its inception the bank disbursed 15,554 loans to the total amount of EUR 54m and continues to perform excellently in 2013.
AccessBank Tajikistan’s vision is to become the leading microfinance bank in Tajikistan and to set new standards for the Tajik banking industry in terms of professionalism, transparency and efficiency. By delivering appropriate financial services to its target group, the bank seeks to contribute to private sector growth and investment, thus helping to create new business and employment opportunities for the Tajik population.
In order to facilitate access to finance also in other parts of the country, AccessBank Tajikistan aims to develop a strong regional presence in the coming years.
Operating under a full banking license, AccessBank offers a broad range of financial services to micro, small and medium-sized enterprises (MSMEs) in Tajikistan as well as the general lower and middle income strata of the Tajik population. Despite its current focus on MSME lending, the bank will successively introduce a range of other financial products including agricultural, housing and consumer loans, as well as foreign exchange and other banking services in the coming years.