Girish Mahajan (Editor)

Bank Respublika

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Industry
  
Products
  
Financial Services

Headquarters
  
Type of business
  
Open Joint-Stock Company

Area served
  
Azerbaijan

Website
  
www.bankrespublika.az

Founded
  
22 May 1992

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Key people
  
Elchin Guliyev,Chairman of the Supervisory Board

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Bank Respublika is a private commercial bank established on May 22, 1992 based on a license issued by the National Bank of Azerbaijan Republic. As of June 1, 2011, the bank's total capital exceeded AZN 53.7 mln (USD 68.0 mln) and total assets reached AZN 294.2 mln (USD 372.4 mln).

Contents

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Shareholders

One of the most important achievements of Bank Respublika is the equity investment in the Bank by Germany's two large financial institutions: Investment Company DEG, a member of KfW banking group, and Sparkassen International Development Trust (SIDT), a member of financial group Sparkassen-Finanzgruppe. The relevant agreements were signed between the parties on April 28, 2005 in Bank Respublika's head office.

Pursuant to the agreements, Investment Company DEG, a member of KfW banking group, and SIDT, a member of financial group Sparkassen-Finanzgruppe, acquired a package of Bank Respublika's shares of "25%+1 share".

Structure of Bank Respublika's shareholder equity:

  • Local shareholders – 75%
  • Investment Company DEG – 16.7%
  • Sparkassen International Development Trust – 8.3%
  • References

    Bank Respublika Wikipedia


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