JSC Access Bank Azerbaijan draws a second line of credit in the amount of approximately EUR 20 million in a partnership with the European Investment Bank (EIB). The first line was opened on July 11, 2014 in the amount of 25 million Euros.
As EIB said, this loan will help the development of small and medium enterprises in Azerbaijan.
Access Bank was founded in 2002 by the Black Sea Trade and Development Bank, the European Bank for Reconstruction and Development, International Finance Corporation, the German bank KfW, the consulting company LFS Financial Systems (Germany) and Access Holding.
The bank specializes in micro, small and medium-sized businesses and provides consumer loans, having an extensive branch network, which employs over 1,800 people.
Fitch Ratings Agency has awarded Access Bank a rating of BB +, which is the highest credit rating among all the banks of Azerbaijan. --17D-
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