IFC, a member of the World Bank Group, is helping Azerbaijan’s Turan Bank train its staff to reduce risks related to trade finance, provide better solutions for small international traders, and support their efforts to expand and tap foreign markets ...

The Green for Growth Fund (GGF) is providing a USD 15m loan to AccessBank. The GGF loan will enable AccessBank to substantially increase its financing of energy efficiency projects and foster its role as a pioneer in energy efficiency financing in ...

AccessBank won the award for "Best Bank in Azerbaijan" at the annual Euromoney "Awards for Excellence" in London. The Bank has received this award for the fifth consecutive year. The Euromoney awards are among the most prestigious in the financial world and are given to leading banks and financial institutions in more than 100 countries. The awards ...

On 1-4 of July, a regional workshop on Risk Management of Small & Medium Enterprise (SME) Lending hosted by Asian Development Bank (ADB) was held in Baku. 37 participants representing banks and development funds of Afghanistan, Azerbaijan, Georgia, Kazakhstan, Kyrgyz Republic, Pakistan, Uzbekistan and Tajikistan attended this workshop. ...

Bank IBA-MOSCOW launches structural product Freewill, combining classical banking services and investments in securities, which allows use of different tools in order to increase the yield above the level of bank deposits ...

The 5th Azerbaijan International Insurance forum will take place in June. Organized by the Azerbaijan Insurers Association, the forum will focus on a wide range of issues, including agricultural insurance, insurance against catastrophic risks, reinsurance, ...

The International Bank of Azerbaijan and the Berkeley Group Holdings have embarked on a new project that would allow VIP customers of the bank buy property in London. Alexandra Stack, Sales Manager at Berkeley International, said the IBA customers could purchase flats in London through both in-cash payments and mortgage loans ...

The International Bank of Azerbaijan has signed a $160 million Dual Currency Syndicated Term Loan Facility, with tranches of $48 million and 81 million euro. The Facility has a term of 1-year ...

The International Bank of Azerbaijan (IBA) has been named “Best Local Bank” by EMEA Finance magazine, the leading information and analytical publication in Europe. The London-based EMEA Finance magazine is dedicated to the finance sectors in Europe, Middle East and Africa. Its readership includes financial institutions from throughout ...

Head of the Central Bank of Azerbaijan (CBA) Elman Rustamov has met a delegation of the International Monetary Fund's (IMF) Mission to the country. Elman Rustamov spoke about macroeconomic stability, economic growth, development of non-oil sector, the CBA`s monetary policy, the banking sector and capitalization of banks in ...

A delegation of “Pasha Life Insurance” has attended the 4th International Russian Insurance Forum in Moscow. The forum focused on the state of the world and regional insurance markets, the role of ...

The rating agency Fitch confirmed on 18 December 2013 the long-term IDR rating of AccessBank at ‘BB+’ (outlook stable). The viability rating, assessing the stand alone risk without taking into account potential shareholder support was upgraded from ‘B+’ to ‘BB-‘ ...

Baku Stock Exchange (BSE) has received the award of the International Finance Magazine on the nomination of “the best consumer service initiative”. According to the BSE, the award was given for the efforts within the BSE Program of ...

The Asian Development Bank (ADB) plans to allocate around $500 million for state projects in Azerbaijan within the next three years. The allocation of this amount is envisaged by the draft business plan for the Bank's operations in Azerbaijan for the years 2014-2016, which has already been agreed ...

International Rating Agency Moody`s Investors Service has upgraded OJSC Bank of Baku`s long-term local and foreign-currency deposit ratings to B1 from B2. Moody`s rating action is primarily based on Bank of Baku`s audited financial statements for ...

Under its Azerbaijan Multi-Bank Framework Financing Facility, the European Bank for Reconstruction and Development (EBRD) is providing $ 9.4 million to Bank Respublika, which has wide national coverage and is the sixth-largest bank ...

The Asian Development Bank (ADB) is ready to offer the $45 million worth of the new tranche of multi-tranche financing facility (MFF) Road Network Development Program. According to head of the ADB office in Azerbaijan Olly Norojono, the tranche will be spent on ...