Bank Respublika OJSC
Status: Completed investmentWhy disclosure?
FMO is committed to making publicly available relevant investment information that informs stakeholders and enables them to engage directly with FMO on its investments which, in turn, enhances our investment decisions, the design and implementation of projects and policies, and strengthens development outcomes. Learn more
In case of questions
In case of questions, please contact us at disclosure@fmo.nl
Disclaimer
The information as disclosed is indicative and provided on an "as-is/as available" basis for general informational purposes only and should not be construed as financial, legal or investment advice, nor as a commitment or an offer to arrange or provide any financing. The final decision to provide financing is subject to the terms and conditions of FMO in its sole and absolute discretion. When providing links to other sites, FMO bears no responsibility for the accuracy, legality or content of the external site or for that of subsequent links. The information on proposed investment for high-risk investments is made available in the language relevant to the country or region where the bulk of operations take place. Translations of any information into languages other than English are intended as a convenience for local stakeholders. In case of any discrepancy, the information provided in English will prevail.
Who is our customer
Bank Respublika is the ninth largest bank in Azerbaijan (out of 43) with a market share of 2.3% of total assets. It positions itself as a bank for the middle class. The bank is an existing client of FMO since 2006 and focuses on small- and medium-sized enterprises (SMEs) and retail clients. Bank Respublika offers a wide range of banking services and operates through 33 branches throughout the country.
What is our funding objective?
FMO provided a subordinated loan to Bank Respublika. The loan is included in the bank’s Tier 2 capital, enabling further growth of its activities in the SME and retail segment.
Why do we fund this investment?
The Azeri financial sector is characterized by low deposits and credit relative to the size of the economy. A high proportion of the population is still not using banking services. By providing a loan to Bank Respublika FMO supports the expansion of financial activities in Azerbaijan to the non-oil sector.
More investments
| Date | Total FMO financing |
|---|---|
| 9/5/2024 | USD 15.00 MLN |
| 4/23/2024 | USD 25.00 MLN |
| 7/7/2022 | USD 20.00 MLN |
| 5/24/2024 | USD 5.00 MLN |
| 6/28/2022 | USD 8.00 MLN |
- Website customer/investment
- http://www.bankrespublika.az/en/
- Region
- Europe & Central Asia
- Country
- Azerbaijan
- Sector
- Financial Institutions
- Effective date
- 11/26/2013
- End date
- 10/24/2024
- Total FMO financing
- USD 13.70 MLN
- Funding
- FMO NV
-
Risk categorization on environmental and social impacts, A = high risk, B+ = medium high risk, B = medium risk, C = low risk
Environmental & Social Category
(A, B+, B or C) - C