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Respublica Bank Trade Finance II

Azerbaijan | Financial Institutions

Identification Code:: OP/06/0616
Total Operation Cost:: — USD
Maturity:: 12 months
Operation Status:: BSTDB Approved Amount – Approval Date

3.000.000 USD – 16 Jun 2007

5.000.000 USD – 19 Sep 2012
: BSTDB Signed Amount – Signed Date

-8.000.000 USD – 11 Dec 2016

3.000.000 USD – 23 Aug 2007

5.000.000 USD – 24 Oct 2012
: Status:
Cancelled
Description and Purpose of the Operation:: The Trade Finance Facility is used to advance sub-loans to exporters from Azerbaijan to finance production and trade and enable proposing deferred payment terms to their counter-parties under export contracts, as well as to provide short-term financing to importers for importing goods to Azerbaijan from other member countries of BSTDB.
Countries of Operation:: Azerbaijan (100,00%)
Financial Product:: Trade Finance
Sector:: Financial Institutions
Domain:: Private
Borrower/Client:: Bank Respublika is a private bank established in 1992. In 2005 DEG (KfW Group) and SIDT (International Development Trust) of Germany joined the shareholding structure of the Bank with 25% stake. Ranked 7th in Azerbaijan in terms of assets, Bank Respublika operates through a growing network of its branches in Azerbaijan, mainly providing loans to individuals and commercial customers, with trade financing accounting for a significant part of its activities. The Bank has good experience and ambitious targets in servicing international trade including that among BSTDB member countries.
Co-Financers/Participants:: —
Guarantors/Sponsors:: —
Developmental and Regional Cooperation Impact:: Support of Bank Respublika’s activities in financing eligible trade transactions is in line with BSTDB’s operational objectives. By working with Bank Respublika, BSTDB will be able to reach a larger number of companies in Azerbaijan and contribute to increasing of intra-regional trade among member countries.
Environmental Classification and Impact:: In order to reduce/avoid any Environmental, Health & Safety (EH&S) impacts that potentially may arise from trade finance activities the Borrower is required to follow the BSTDB's Negative List of Goods, including the Environmental Exclusion List, and subject domestic legal requirements, as well as make sure that the Beneficiaries fully comply with these requirements. The Borrower is also required to immediately notify the Bank of occurrence of any incident or accident relating to any underlying export or import transaction of which the Borrower is, or ought to be aware, and which is likely to adversely affect the state of environment, and/or human health and safety.
Operation Leader:: Financial Institutions I
E-mail:: fi1@bstdb.org