AccessBank, committed to providing innovative financial
solutions to the needs of its clients, and the European Bank for
Reconstruction and Development (EBRD) have signed an agreement
under the Trade Facilitation Programme (TFP). This strategic
initiative is designed to support international trade operations
and enhance the financial capabilities of businesses across
Azerbaijan.
The agreement marks a significant partnership, aimed at
facilitating international trade operations and providing companies
involved in international trade with access to additional financial
resources. Through the programme, businesses will benefit from
guarantees and financing that help reduce risks and streamline
trade transactions, ultimately enabling them to manage operations
more efficiently and expand their reach into global markets.
Davit Tsiklauri, Chairman of the Board of AccessBank, commented:
“We are proud to sign this agreement with the EBRD and to have
AccessBank participate in the Trade Facilitation Programme. This
significant initiative provides our clients with more competitive
and innovative financial solutions, aiding the development of
import-export activities and supporting the overall economic growth
of Azerbaijan.”
The Trade Facilitation Programme agreement will not only
strengthen AccessBank’s ability to offer comprehensive financial
services, but also provide businesses in Azerbaijan with tools
needed to engage more effectively in international trade, reducing
barriers and fostering economic development.
Launched in 1999, the EBRD’s Trade Facilitation Programme
promotes foreign trade to, from, and among EBRD countries. Through
the programme, the EBRD provides guarantees to international
confirming banks and short-term loans to selected banks and
factoring companies for on-lending to local exporters, importers,
and distributors.
Founded in 2002, AccessBank is a leading commercial bank in
Azerbaijan, specializing in the support of small and medium-sized
enterprises (SMEs). With the focus on providing affordable and
accessible financial services, the bank plays a pivotal role in
driving local businesses growth and strengthening the country's
economy.
The EBRD, the largest institutional investor in Azerbaijan, has
invested over €3.7 billion in 190 projects. Its mission is to
support the country’s economic diversification and foster
sustainable development.
