Original disclosure @ IFC website
Updated in EWS Jan 20, 2023
Disclosed by Bank Jan 18, 2023
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The investment is an up to US$40 million equivalent financing package to Bank Respublika to support its lending to MSMEs, including at least 50% of the loan proceeds earmarked for on-lending to women-owned MSMEs (the “Project”). IFC’s own account loan exposure will be up to US$20 million equivalent in the form of an Azerbaijani Manat-linked loan and/or will be denominated in USD.
IFC RISK RATING: FI-2
Respublika’s ultimate controller is its founder, Mr. Natig Guliyev, who directly owns 63.3% of the Bank’s shares, while 26.93% belong to members of his family.
|Private Actor 1||Private Actor 1 Role||Private Actor 1 Sector||Relation||Private Actor 2||Private Actor 2 Role||Private Actor 2 Sector|
“BANK RESPUBLIKA” Open Joint Stock Company
Deputy Chairman of the Executive Board
Khagani str. 21, Baku, Azerbaijan, AZ1000
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