BAKU, Azerbaijan, September 4. AccessBank is currently negotiating with new investors, the chairperson of the Board of Directors of AccessBank Davit Tsiklauri told Trend.
“We are now actively negotiating with new partners, including one organization that has not been active in Azerbaijan since 2012. We are trying to renew their interest in our market so that they become an active lender again, providing not only investments but also loans. How does this affect Azerbaijani business? First of all, it provides additional liquidity, not only domestic but also foreign. Initially, these foreign lenders provide loans to banks, as banks know the market, economy, cultural peculiarities, and specifics of the country better. Over time, as the lenders become familiar with Azerbaijan, there is a possibility of direct lending to local companies, which is also beneficial for the country's economy. The more such investors we attract to Azerbaijan, the higher the probability that they will start lending not only to the banking sector but also to the real sector of the economy, which is a very positive trend,” he said.
According to him, one of the potential partners of AccessBank is DFC (US International Development Finance Corporation).
“Between early 2000 and 2010, they provided loans and guarantees to Azerbaijan before leaving. We have been negotiating with them for almost two years now, and although there is no final agreement yet, the probability of its successful completion is high,” he added.