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AccessNetwork KPIs end-2016 (unaudited)
Total assets
EUR 1.04bn
Gross loan portfolio
EUR 731.9m
No. of active borrowers
421,146
Total deposits
EUR 308m
No. of deposit accounts
1,642,570
No. of staff
7,524
No. of branches
187

 

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News from AccessBank in Azerbaijan

Fitch affirms AccessBank’s rating at BB+


Baku, 23 December 2013
- The rating agency Fitch confirmed on 18 December 2013 the long-term IDR rating of AccessBank at ‘BB+’ (outlook stable). The viability rating, assessing the stand alone risk without taking into account potential shareholder support was upgraded from ‘B+’ to ‘BB-‘.


AccessBank CEO Michael Hoffmann commented on the rating action: "The assessment of Fitch reflects AccessBank's successful development and achievements. The Bank maintains the highest credit rating in the Azerbaijani banking sector (‘BB+’). We are in particular proud on the upgrade of our viability rating (VR) to ‘BB’- which confirms the successful work of the entire team during recent years.
 

The upgrade of AccessBank's VR to ‘BB-‘ from ‘B+’ reflects the bank’s extended track record of sound performance in a challenging operating environment, its sound financial metrics in terms of profitability, asset quality and capitalization, and strong governance and management.


The full overview over the rating actions is as follows:

 

Long-term IDR: affirmed at BB+, outlook stable

Short-term IDR: affirmed at B

Viability Rating: affirmed at BB-

Support Rating: affirmed at 3

For more information and other news from AccessBank Azerbaijan, please visit the bank's website: http://accessbank.az