Bank Respublika

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 53.7 million Azerbaijani manat (₼) (US$31.6 million) and total assets reached ₼294.2 million (US$173.0 million).[1]

Bank Respublika
Open Joint-Stock Company
IndustryBanking
Founded22 May 1992
Headquarters
Baku
,
Azerbaijan
Area served
Azerbaijan
Key people
Elchin Guliyev,
Chairman of the Supervisory Board
ProductsFinancial Services
Number of employees
More than 1000
Websitewww.bankrespublika.az

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.[2]

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%

See also

References
  1. The official web page of Bank Respublika, General information, retrieved on 9 November 2011
  2. The official web page of Bank Respublika, Shareholders, retrieved on 9 November 2011


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