Bank Respublika

completed

Respublika Bank (Respublika or the Bank) of is one of the leading private and independent banks in Azerbaijan providing services primarily to Small and Medium Enterprises (SMEs), local entrepreneurs and individuals. Respublika was established in 1992 as a private commercial joint-stock bank. Since 2002, the Bank has made a strategic decision aimed at aggressive growth and cooperation with international institutions. Respublika is ranked among the top ten banks in Azerbaijan in terms of assets, size of loan portfolio, deposits and profitability. The Bank is managed by a new dynamic management team. Its longer term strategy is focused on becoming a leader in SMEs and retail business with an extensive branch network and a stable customer base.To support the Bank’s growth, IFC is considering investment in Respublika. The proposed transaction consists of: - a senior loan of up to $4.5 million, and- an equity investment of up to $1.5 million.The proposed loan will have a maturity of five years with a two year grace period for principal repayment and will be used to on-lend to SMEs. The investment will be supplemented by technical assistance to contribute to the institutional capacity building of the Bank and improve such areas as corporate governance, risk management and internal audit.