Access Bank’s “Badamdar” branch has been relocated to new premises and renamed as “Lokbatan”.
Baku, Finance Time. Today AccessBank renamed the “Badamdar” branch to “Lokbatan” and moved it to a new building located at 2C N.Narimanov Street, in Lokbatan settlement.
The branch was relocated in order to be closer to its customers working in the “Bina” and “Sadarak” wholesale markets. Servicing its clients in the newer and larger premises will help to provide a more comfortable setting and higher quality service. In addition to its clients from the markets, the branch will also serve the residents of Lokbotan. The branch will provide a full range of services including opening of current and deposit accounts, VISA plastic cards, money transfer both within the country and abroad as well as disbursement of small business and consumer loans.
The bank also envisions opening a new branch in Badamdar settlement in the near future.
Andrew Pospielovsky, General Manager of AccessBank commenting the opening of the new branch said: “AccessBank has worked in Badamdar since 2009 with over 4000 customers and has already outgrown its space. We are fortunate to have an opportunity for the new branch to serve our customers better and be closer to them.”
AccessBank was established to provide access to financial services for Azerbaijan’s micro and small businesses and low and middle income households. AccessBank is recognized as the most reliable bank in Azerbaijan by Fitch International Ratings ('BB+ Outlook Stable’), and as “The Best Bank in Azerbaijan” by Global Finance (2011) and Euromoney (2010 & 2011) in their annual awards as well as “The Bank of the Year” by The Banker (2011). 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% per each), Access Microfinance Holding acting in microfinance field as a strategic investor (16.5%), and LFS Financial Systems GmbH – a German consulting company (3.5%).
