AccessBank Tajikistan successfully completes its first capital increase to support future growth
Dushanbe, 24 July 2013
AccessBank Tajikistan is pleased to announce the successful completion of a share issue for the amount of TJS 15 million (ca. USD 3.1 million). This step was taken in order to strengthen the capital base of the bank and to support the bank’s future growth. As a result, the paid-up capital of the bank now stands at TJS 63 million (ca. USD 13.2 million), whereby the majority shareholder AccessHolding Microfinance AG has increased its stake to 63.3% from previously 52%.
Ms. Katharina Schachtner, General Manager of AccessBank Tajikistan, commented on the occasion: “We welcome the capital increase and the confidence and support shown to us by our investors. In three years of strong growth we have extended more than 20,000 loans to Tajik entrepreneurs and built up a loan portfolio of more than TJS 143 million (USD 30 million). This capital injection will enable us to continue the strong growth of our bank’s business in the years to come, and we will work to reach more and more customers in the regional cities of Tajikistan.”
Mr. Thomas Engelhardt, Chairman of the AccessHolding management board, said: “AccessBank Tajikistan has shown an impressive growth over the past three years. We have full confidence that the bank will continue its successful development and extend an even wider range of high-quality financial services to our main customers, the micro and small entrepreneurs in Tajikistan.”