Baku – AccessBank is set to bolster its business prospects significantly through a new risk-sharing agreement with the European Bank for Reconstruction and Development (EBRD), aiming to enhance its lending capabilities in Azerbaijan.

According to Trend News Agency, David Tsiklauri, Chairman of AccessBank, detailed the impact of the agreement during a media briefing. He expressed gratitude towards both teams for their efforts in finalizing the agreement, which has been in development for a substantial period. “This agreement will allow EBRD to participate in sharing some of the risks directly associated with loans provided to Azerbaijani companies,” Tsiklauri explained. He clarified that the EBRD’s participation means they would be directly involved in loans made by AccessBank, sharing both the risks and rewards.

Tsiklauri highlighted the strategic importance of the risk-sharing mechanism, noting its potential to enhance the bank’s capacity to engage more clients and offer larger loans. “We expect to make effective use of this credit line to attract even more clients to AccessBank and potentially offer larger loan amounts,” he stated. The chairman concluded by emphasizing the transformative nature of the agreement and expressed the bank’s readiness to leverage this new opportunity to its fullest.

The agreement, which includes a 15 million euro co-financing line, marks a significant milestone in AccessBank’s strategy to expand its operations and deepen its impact on the Azerbaijani financial sector.

For further insights, an interview with AccessBank Chairman David Tsiklauri is available, providing more details on the bank’s future directions and the expected benefits from this collaboration.