Accessbank Signed A Credit Agreement With Enabling Qapital Ltd
(MENAFN- Trend News Agency) AccessBank, the leading bank for micro, small, and medium-sized
enterprises (MSMEs) in Azerbaijan, has announced the signing of a
AZN 17 million loan agreement with Enabling Qapital, a prominent
European investment company. This three-year facility is designed
to provide continued access to medium-term financing for MSMEs in
Azerbaijan, supporting their vital operating activities.
Davit Tsiklauri, Chairman of the Management Board of AccessBank,
noted that this agreement will facilitate the Bank to support more
entrepreneurs:“I am delighted to join forces with Enabling Qapital
on this successful partnership which enables us to continue the
much-needed financing to MSMEs in Azerbaijan. This financing is
also the first one since 2016 that we signed with the international
financial institution and marks the reopening of international
capital markets for AccessBank. We are very glad to see the
interest of foreign institutional investors in the Azerbaijani
financial sector. I would like to thank Enabling Qapital for their
cooperation and look forward to further strengthening our
collaboration in the future.”
Urmat Imankulov, Regional Manager of Enabling Qapital Ltd,
praised AccessBank's contribution to entrepreneurship: "AccessBank
plays an important role in Azerbaijan's financial sector by
providing crucial support for the country's economic growth through
facilitating finance accessibility for MSMEs. Their commitment to
impact investing creates opportunities for businesses to grow and
contribute to the overall development of the nation."
Enabling Qapital Ltd (EQ) is a leading impact investment
advisory company dedicated to a world where investments provide
both a financial and social return. With a mission to have a
positive economic, social, and environmental impact, EQ currently
advises roughly USD 600m in assets within the "EMF Microfinance"
and the "Spark+ Africa Fund." The company has 50 team members
globally, with offices in Switzerland, Liechtenstein, Kenya,
Pakistan, India, Kyrgyzstan, Philippines, Canada, Mexico, and
Ecuador.
AccessBank has been a leader in the microfinancing market
and 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 31 branch offices, including 15 in Baku and
16 in regions, AccessBank continues to offer accessible financing
options for MSMEs.
For more information on the services provided by AccessBank,
call 151 or visit their website at . You can also follow
the bank's social media accounts on facebook ,
instagram ,
linkedin
AccessBank CJSC provides its services under license No. 245
dated 25 October 2002, issued by the Central Bank of the Republic
of Azerbaijan. The bank's headquarters are located in Baku city,
Yasamal district, Tbilisi Avenue 3.
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