One of the leading financial institutions in Azerbaijan AccessBank disclosed its financial statement for 2023 auditedby PricewaterhouseCoopers International Audit Company and meeting International Financial Report Standards (IFRS).
For more detailed information on indices, please follow the link: https://www.accessbank.az/upload/iblock/08f/2p30zjvxnwsit5wzofcjsukltd16fkiv/AccessBank%20FS%20FY2023_Final_Eng.pdf
Notably, AccessBank's net profit for 2023 amounted to 43.0 million manats. This result is 2.1 times higher than the previous year's results. At the same time, the ROE indicator increased to 34.1%.
According to the report, as of December 31, 2023, the bank's assets amounted to 1,398.6 million manats, of which 70.8% is the loan portfolio.The bank's loan portfolio increased by 25.2% to 990.3 million manats. The growth in the loan portfolio was mainly driven by lending to micro-entrepreneurs, and the bank maintains a leading position in this area, holding a 25% market share.
Deposit portfolio increased by 22.1% to 1,078.9 million manats. Additionally, over the past year, the bank attracted funds from international creditors in the amount of 51 million manats.
AccessBank, a pioneer in the microfinancing market, has been providing services to small and medium-sized enterprises since 2002. The Bank's shareholders include the Asian Development Bank, the European Investment Bank, the International Finance Corporation, and other international organizations and investment funds. With 34 branch offices, including 14 in Baku and 20 in regions, AccessBank continues to offer accessible financing options for MSMEs. For more detailed information on the branh offices, please follow: http://bit.ly/accessbank-filiallar
For more information on the services provided by AccessBank, call 151 or visit thewebsite at www.accessbank.az. You can also follow the bank's social media accounts on Facebook, Instagram, LinkedIn.
*AccessBank CJSC operates under license No. 245 dated 25 October 2002, issued by the Central Bank of the Republic of Azerbaijan. The bank's Head Office is located at 3 Tbilisi avenue, Yasamal district, Baku city.
