AccessBank and the European Bank for Reconstruction and Development (EBRD) continue their strategic partnership under the Risk Sharing Facility aimed at supporting the development of private entrepreneurship in Azerbaijan.
As part of the next phase of cooperation, financial support has been extended to Pizza Mizza. Under the agreement, the company will receive a EUR 4 million loan to expand its business and strengthen its market position.
The document was signed by Davit Tsiklauri, Chairman of the Management Board of AccessBank; Zsuzsanna Hargitai, Managing Director of the EBRD’s SME Finance and Development Group; and Aslan Hajiyev, CEO of Pizza Mizza.
The Risk Sharing Facility provides for equal participation of the parties in financing projects. This mechanism enables the Bank to more actively support fast-growing companies, reduce credit risks, and ensure sustainable financing.
Risk sharing is considered an effective tool for stimulating private sector development. Under the program, businesses gain access to long-term financial resources needed to scale operations, implement innovative solutions, and create new jobs.
AccessBank and the EBRD view the further expansion of this cooperation as an important step toward strengthening the financial resilience of the country’s entrepreneurial environment.
Corporation, and other international organizations and investment funds. With 39 branch offices, including 14 in Baku and 25 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.
