AccessBank keeps leader position in microcredit market


September 27, Fineko/abc.az. AccessBank keeps its market leadership in the field of microcrediting. 

Addressing to the German-Azerbaijani Business Forum, AccessBank’s chairman of board Anar Hasanov informed that currently the market share in the field of microcrediting makes up 52%. 
Bank’s head pointed out that for Jan-Aug 2019 their credit institution's portfolio of micro-loans increased by AZN 51 million. The growth amounted to AZN 29 million for the same term of 2018. 
Hasanov underlined that in general the gave micro-loans in the amount of AZN 194 million for the reported period of the year versus the indicator of AZN 124 million for the same term of 2018.

AccessBank representative added that at the end of August the volume of the current portfolio of microloans is AZN 218 million. 
"AccessBank gives an average of 6,000 microloans a month. Currently, the number of clients on micro-loans has exceeded 55,000 people," he stressed.

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