AccessBank and the European Bank for Reconstruction and Development (EBRD) continue their successful collaboration aimed at fostering private entrepreneurship in Azerbaijan. A new long-term loan agreement has been signed under the Risk-Sharing Facility program with AzVirt, a leading construction company. According to the terms of the agreement, AccessBank will provide AzVirt with a €5 million loan to implement large-scale investment projects.

Davit Tsiklauri, Chairman of the Management Board of AccessBank, commented: "We are pleased to continue our fruitful partnership with the European Bank for Reconstruction and Development within the framework of the Risk-Sharing Facility program. We thank EBRD for their high-quality and long-term partnership, which is focused on supporting private entrepreneurship in Azerbaijan. We are confident that this collaboration, along with the risk-sharing mechanism, will create additional opportunities for the expansion of businesses such as AzVirt and positively impact the development not only of this company but also of the entire sector."

EBRD’s Head of Azerbaijan, Natali Mouravidze, stated: “Congratulations to AzVirt and AccessBank on the successful closure of this important deal. We are pleased to see the Risk-Sharing Facility program gaining momentum in Azerbaijan, with our partner bank effectively utilizing this mechanism for the benefit of the real economy. By sharing risks and supporting trusted clients in the private sector, we are fostering sustainable long-term economic growth in Azerbaijan.”

The Risk-Sharing Facility program entails equal participation from both sides in financing projects, with a 50/50 risk-sharing arrangement. This mechanism is an essential tool for stimulating the growth of the private sector in Azerbaijan, providing companies like AzVirt with access to necessary funds to expand their operations, implement innovative technologies, and generate new employment opportunities.

This collaboration between AccessBank, EBRD, and AzVirt represents a model of effective private sector support and a strategic approach to improving financial opportunities for businesses in Azerbaijan. The partnership also contributes to creating conditions for long-term economic growth by ensuring the stability and development of various sectors of the economy.

The Risk-Sharing Facility program continues to be a vital tool for ensuring financial stability and business growth. Going forward, AccessBank and EBRD plan to expand their collaboration by introducing new financial solutions that will improve access to capital for a broader range of entrepreneurs.

Corporation, and other international organizations and investment funds. With 38 branch offices, including 14 in Baku and 24 in regions, AccessBank continues to offer accessible financing options for MSMEs. For more detailed information on the branch 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.