Project description
and objectives:
|
The proposed Project consists of a debut syndicated loan of USD 14 million to
Bank Respublika for on-lending to private sector businesses in Azerbaijan.
Tranche B of this A/B structure loan will be syndicated and will have a
maturity of 18 months.
The facility will help Bank Respublika in accessing international capital
markets, support the diversification of its funding and the expansion of its
SME and privately owned client base.
|
Transition impact:
|
The project will have a significant transition impact in the following areas:
-
facilitate Bank Respublika’s access to the international commercial debt
market and help to diversify the bank’s funding base
-
support development of the private companies and banking sector in Azerbaijan
by increasing medium-term financing to the productive sector of the economy
through local banks.
|
The client:
|
JSC Bank Respublika is a privately owned commercial bank operating in
Azerbaijan with total assets of USD 128 million and shareholders’ equity of
USD 13.5 million as of 31 December 2006.
|
EBRD finance:
|
EBRD will retain up to USD 6 million on its own account. An amount of USD 8
million under the B-Loan will offered to the syndication market.
|
Total project cost:
|
USD 14 million.
|
Environmental impact:
|
Bank Respublika will be required to comply with the EBRD’s Environmental
Procedures for Intermediated Financing through Local Banks, including ensuring
compliance with the applicable national environmental, health, safety and
labour standards and regulations, adherence to the EBRD’s Environmental
Exclusion and Referral List and submission of annual environmental reports to
the Bank.
|
Technical
cooperation:
|
Bank Respublika has been participating amongst 7 other banks in technical
assistance programmes provided by EBRD under Azerbaijan Multi-Bank Framework
to improve the bank’s SME and micro lending capacity as well as amongst 2
other banks under Medium Co-financing facility. The technical assistance
programmes are being funded by EU Tacis and ETC Multi Donor Initiative Fund.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
|
Company contact:
|
Mr Erhan Javad
Director of Financial Institutions and Trade Finance
Department
Tel: +994 12 598 0800
Fax: +994 12 598 0880
E-mail: ErhanJ@BankRespublika.az
|
EBRD contact:
|
Ayten Giyasova, Operation Leader: giyasova@ebrd.com
|
Business opportunities:
|
For business opportunities or procurement, contact the client company.
|
General enquiries:
|
EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
|
