Financed ProjectsBank Respublika

Identification Code:

OP/25/0015

Total Operation Cost:

25.000.000

Maturity:

36 months

Operation Status:

Description and Purpose of the Operation:

Bank Respublika

Countries of Operation:

Azerbaijan (100,00 %)

Financial Product:

SME's

Sector:

Financial Institutions

Domain:

Private

Borrower/Client:

Local Currency SME Loan to Bank Respublika

Co-Financiers/Participants:

n/a

Guarantors/Sponsors:

n/a

Developmental and Regional Cooperation Impact:

The Project is expected to have modest but favorable economic benefits for the Azerbaijani economy, the most relevant being additional tax revenue gains from increased economic activity under the additional amount provided. In addition, the additional amount provided will help further enhance benefits such as increases in employment, increase in export capacity and competitiveness, and multiplier effects for other parts of the economy. The regional cooperation element is likely to be limited or absent at all given the small size of the operation. Other BSTDB countries are important trade partners for Azerbaijan so if any benefitting SME is to export or import, it will likely be with a BSTDB member country.

Environmental Classification and Impact (summary):

Bank Respublika is a former Borrower (dating back to 2013) of BSTDB, which has made considerable efforts in developing and implementing an E&S management system commensurate with its E&S risk profile. The system is well-structured and integrated in the overall portfolio management and it largely complies with the BSTDB E&S requirements

Operation Leader:

Financial Institutions II

E-mail:

fi2@bstdb.org