According to the ADB, the proposed transaction involves a senior loan of up to 34,000,000 AZN or its USD equivalent (approximately $20,000,000) to Bank Respublika OJSC for on-lending to women business owners and borrowers operating in agricultural production, processing, and trade in Azerbaijan.
The ADB categorized the project as follows:
As stated on the company's website:
Bank Respublika started its operations on May 22, 1992 based on a license issued by the National Bank of Azerbaijan Republic and has become one of Azerbaijan’s leading banks over that period.
The main strategic goals of Bank Respublika are small and medium-sized businesses, as well as maintaining the position of a leading bank in the field of microfinance.
ADB Team Leader:
Tina Rohner - Private Sector Financial Institutions Division
No contacts available at the time of disclosure.
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ACCOUNTABILITY MECHANISM OF ADB
The Accountability Mechanism is an independent complaint mechanism and fact-finding body for people who believe they are likely to be, or have been, adversely affected by an Asian Development Bank-financed project. If you submit a complaint to the Accountability Mechanism, they may investigate to assess whether the Asian Development Bank is following its own policies and procedures for preventing harm to people or the environment. You can learn more about the Accountability Mechanism and how to file a complaint at: http://www.adb.org/site/accountability-mechanism/main.