Establishment and Management of AccessBank Azerbaijan (ABA)

AccessBank Azerbaijan (ABA) was founded in late 2002 as the Micro Finance Bank of Azerbaijan. In 2008 it became renamed as AccessBank Azerbaijan as the premier bank of the AccessBank network. Its shareholders are AccessHolding, LFS Financial Systems, the German development bank KfW , the IFC, the EBRD, and the Black Sea Trade Development Bank. ABA is managed by LFS on the basis of a management service contract.

ABA has demonstrated strong growth from the beginning. It quickly evolved into the leading provider of financial services to MSMEs in Azerbaijan. Aiming at being a “house bank” for its target clientele, ABA has successively broadened its range of products. It now includes various types of business and personal loans, customer deposits, money transfer services as well as payment cards. A growing number of larger SMEs are also using advanced banking services. This includes salary payment facilities and easily accessible means of trade financing like bank guarantees and letters of credit.