Bank Respublika A/B loan

Overview
Project Summary Document
Environmental and Social Documentation
Procurement
Complaints

Project ID 37898

Status Complete

Location

Azerbaijan

Business Sector

Financial Institutions

Notice Type

Private

Project timeline

Exploratory
Passed Concept Review
Passed Structure Review
Passed Final Review
Board Approved
Signed
Implementing
Completed

Project ID 37898

Status Complete

Location

Azerbaijan

Business Sector

Financial Institutions

Notice Type

Private

Environmental Category

Approval Date

10 Jul 2007

Disclosure date

07 Jun 2007

As per section 1.4.2 (iii) of the Directive on Access to Information: "For Projects approved by Bank management where the Board of Directors has delegated the approval authority, the PSD shall be disclosed at the start of the relevant no-objection notification period to a member country of the Bank in accordance with Article 13 (iii) of the Agreement Establishing the EBRD."

Project Description

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.

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.

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

Transition impact

ETI Score:60

PSD last updated

01 Feb 2019

Business opportunities

For business opportunities or procurement, contact the client company.

For state-sector projects, visit EBRD Procurement: Tel: +44 20 7338 6794
Email: procurement@ebrd.com

General enquiries

EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168
Email: projectenquiries@ebrd.com

Public Information Policy (PIP)

The PIP sets out how the EBRD discloses information and consults with its stakeholders so as to promote better awareness and understanding of its strategies, policies and operations. Please visit the Public Information Policy page below to find out how to request a Public Sector Board Report.
Text of the PIP

Environmental and Social Documentation is not available for this project.

Selected procurement notices related to this project may be shown below. Further procurement opportunities related to this and other projects, if available, maybe be viewed in the EBRD Procurement Portal.

The EBRD's Environmental and Social Policy (ESP), Access to Information policy (AIP) and Project Accountability Policy (PAP) enable sound and sustainable development in its projects. The Independent Project Accountability Mechanism (IPAM) deals with complaints about environmental, social and disclosure matters related to the Bank’s investments.

No complaints about this project have been made so far.

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