BAKU, Azerbaijan, September 3. The return on equity of AccessBank will be above the target for 2024, Chairman of the Management Board of AccessBank Davit Tsiklauri told Trend.
“Following the results of last year, AccessBank managed to achieve its target - to bring the return on equity (ROE) to 20 percent. We purposefully focused on this very indicator, as we consider it a healthy level of profitability for our investors. Why 20 percent? It is because this indicator gives us an opportunity for stable growth and development of the bank, as well as to provide new products to our customers,” he noted.
According to him, besides, such profitability attracts new investors to AccessBank and Azerbaijan in general.
“If we provide our shareholders with returns above 20 percent, the market becomes interesting for them. The year 2023 was very successful, as we managed to surpass this threshold. Through the first seven months of 2024, we also continue to deliver returns above 20 percent. I am confident that this year we will be able to maintain that bar,” he added.