AccessBank, a leader in micro, small, and medium business lending, has announced its financial results for the year 2024.

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AccessBank generated 54.1 million manats of net income in 2024, compared to 39.8 million manats in 2023. As a result, capital position was strengthened, and total regulatoryincreased by 29.0%, or 41.5 million manats, and accounted to 185.0 million manats, which is 3.7 times higher than the regulatory minimum.

Key drivers of the growth were expansion of the loan portfolio, particularly in business lending, increased depositor trust in the bank, and borrowings from international financial institutions. Below are the financial highlights for the past year:

• Total loan portfolio increased by 13.6%, or 137.8 million manats, and accounted to 1,151.5 million manats by the end of the reporting period.

• Share of business loans in total portfolio is 78.3%with amount of 901.9 million manats. During the reporting period, business loan portfolio increased by 15.6%, or 121.8 million manats. Regional lending outside of Baku accounts for 59.5% of total business loans issued during the year.

• Deposit portfolio exceeds 1 billion manats, and total outstanding volume was 1,026.5 million manats by the end of 2024.

• During 2024, AccessBank successfully attractedfinancing from international financial institutions with the totalvolume of 73.1 million manats.

• Total assets of the Bank increased to 1.5 billion manats, reflecting a 6.7% growth compared to 2023.

• Interest income increased by 14.9% compared to 2023, reaching 224.4 million manats. As a resultnet interest income increased by 18.2 million manats year-over-year, reaching 140.2 million manats.

• Non-interest income amounted to 18.1 million manats.

• Net operating income for 2024 accounted for 69.1 million manats, compared to 56.3 million manats in 2023.

• The bank’s liquidity position remains stable, with a liquidity ratio of 70.6%, which is 2.4 times higher than the minimum requirement set by the Central Bank of Azerbaijan Republic (CBAR).

AccessBank, a pioneer in the microfinancing market, 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 35 branch offices, including 14 in Baku and 21 in regions, AccessBank continues to offer accessible financing options for MSMEs. For more detailed information on the branh offices, please follow: http://bit.ly/accessbank-filiallar

For more information on the services provided by AccessBank, call 151 or visit the website at www.accessbank.az. You can also follow the bank's social media accounts on Facebook, Instagram, LinkedIn.  

*AccessBank CJSC operates under license No. 245 dated 25 October 2002, issued by the Central Bank of the Republic of Azerbaijan. The bank's Head Office is located at 3 Tbilisi avenue, Yasamal district, Baku city.