CJSC ACCESSBANK (AZERBAIJAN)
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
AccessBank Azerbaijan was founded in 2002 by BSTDB, EBRD, IFC, KfW and the German consulting company LFS Financial Systems (LFS). AccessBank concentrates on lending to micro-, small- and medium-sized businesses. The bank operates through 37 branches across Azerbaijan and employs 1,565 staff. AccessBank is rated BB+ by Fitch Ratings, the highest rating of any bank in Azerbaijan
What is our funding objective?
FMO arranged a US$60 million syndicated loan facility for AccessBank. Other lenders under the FMO syndicated loan facility are OeEB, the Austrian Development Bank, and PROPARCO, the French Development Bank, who all joined the deal as participants. The transaction is the largest refinancing package AccessBank has received from an international lender consortium in its ten years history.
Why do we fund this investment?
The loan will support AccessBank in further expanding its lending activities to micro and small businesses. Through its extensive branch network the bank expects to distribute large portions of the attracted funds to regional businesses, particularly in rural areas, thereby supporting job creation and economic development in these regions of the country.
More investments
| Date | Total FMO financing |
|---|---|
| 6/19/2014 | USD 30.00 MLN |
| 6/19/2014 | USD 20.00 MLN |
- Website customer/investment
- http://www.accessbank.az
- Region
- Europe & Central Asia
- Country
- Azerbaijan
- Sector
- Financial Institutions
- Effective date
- 6/11/2013
- End date
- 10/31/2017
- Total FMO financing
- USD 25.00 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - B