AccessBank plans to increase its loan portfolio mainly in the …


(MENAFN- AzerNews) Trend News Agency presents an exclusive interview with Acting Chairman of the Board of AccessBank Evgeniya Gashikulina.

– Are there any changes or expectations in the bank’s plans related to the increase in the discount rate by the country’s central bank?

This central bank monetary policy decision aims to limit the risk of rising inflation. The rate hike should of course lead to higher rates on savings products and deposits. But this dependence is not entirely direct. Dependence can change due to a short-term situation with liquidity, banks’ credit ambitions and, of course, is limited by the maximum rate on insured deposits. AccessBank projects in its financial forecasts a slight increase in the cost of manat resources, which we will try to compensate without affecting the interest rates on the loans.

– Does the bank consider the possibility of increasing the authorized capital in the near future? If so, how is it planned to be implemented?

This question is part of annual planning when the bank performs macroeconomic analysis, determines the prospects and development potential of the business environment and identifies all associated risks. Based on the results of the analysis, and also taking into account the strategic plans and ambitions of the bank, a capital decision is made. This year exactly the same process is expected, and by the end of the year it will be clear whether the capital will be increased.

– What are the main projects of the bank for the end of this year and the beginning of next year?

Our main objective is to develop our loan portfolio mainly in the segment of micro-entrepreneurs and agricultural entrepreneurs. We also plan to increase the profitability and efficiency of the bank.

And of course, one of our constant tasks is to improve customer focus by simplifying processes, developing new skills among our employees and introducing new technologies.

– Do you have or plan to create an online bank?

It depends on what is meant by online banking. If the question of the possibility of carrying out the maximum amount of online banking is under discussion, then of course – yes. We are working very actively in this direction with the support of the Central Bank and the Azerbaijani Banking Association.

But if we mean for example the concept of Neo Bank – that is, a bank that operates absolutely without branches and only in digital format – then it is certainly not about us. Our network of agencies allows us to serve our clients optimally by providing them with personalized advice. We understand that in the future most financial transactions will be done online, at the same time we will have branches of the bank, where customers can receive personalized service by meeting their banker “in person”.

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