Azerbaijan: AZE: SUBORDINATED LOAN TO BANK RESPUBLIKA OPEN JOINT STOCK COMPANY

Nonsovereign Project | 41925-014

Summary

The assistance is in the form of a dollar-denominated subordinated loan (Tier II capital) of up to $10 million to Bank Respublika Open Joint-Stock Company in order to strengthen the bank's capital position and underpin the expansion of its lending activities, particularly to small and medium-sized enterprises (SMEs).

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Project Name AZE: SUBORDINATED LOAN TO BANK RESPUBLIKA OPEN JOINT STOCK COMPANY
Project Number 41925-014
Borrower/Company BANK RESPUBLIKA
Country Azerbaijan
Location Azerbaijan
Approval Number 7267/2365
Type or Modality of Assistance
7267/2365 Loan USD 10.00 million Committed
Strategic Agendas
Drivers of Change
Sector / Subsector Finance - Banking systems and nonbank financial institutions
Gender Equity and Mainstreaming
Responsible ADB Department Private Sector Operations Department
Responsible ADB Division Portfolio Management Division, PSOD
Responsible ADB Officer Stefan Hruschka
Project Sponsor(s)
Description The assistance is in the form of a dollar-denominated subordinated loan (Tier II capital) of up to $10 million to Bank Respublika Open Joint-Stock Company in order to strengthen the bank's capital position and underpin the expansion of its lending activities, particularly to small and medium-sized enterprises (SMEs).
Objectives and Scope ADB's assistance to Bank Respublika is intended to increase Bank Respublika's Tier II capital and enhance its overall capital base. The strengthening of the bank's capital position will underpin further expansion on its lending activities and assist the bank as it seeks to gain market share in the Azerbaijan banking sector.
Linkage to Country/Regional Strategy Private sector development is an integral component of the Government's sustainable development strategy, which is also an important thematic priority for ADB. Support for private sector development is also consistent with ADB's Country Strategy and Program Updates for Azerbaijan and the Interim Operational Strategy for Azerbaijan.
Safeguard Categories
Environment FI
Involuntary Resettlement C
Indigenous Peoples C
Summary of Environmental and Social Aspects
Environmental Aspects The loan is classified as category FI (financial intermediary).
Involuntary Resettlement No involuntary resettlement are foreseen in relation to any activities of Bank Respublika.
Indigenous Peoples No adverse impact on indigenous peoples are foreseen in relation to any activities of Bank Respublika.
Stakeholder Communication, Participation, and Consultation
Timetable for assistance design, processing and implementation
Concept Clearance 11 Jul 2007
Due Diligence 23 Jul 2007
Credit Committee Meeting -
Approval 05 Nov 2007
PDS Creation Date 01 Aug 2007
Last PDS Update 16 Sep 2014
Title Document Type Document Date
Private Banks and Leasing Companies in Azerbaijan - Bank Respublika Extended Annual Review Reports Mar 2010
Bank Respublika Open Joint Stock Company Reports and Recommendations of the President Oct 2007

Safeguard Documents

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No documents found.

Evaluation Documents

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Title Document Type Document Date
Private Banks and Leasing Companies in Azerbaijan–Bank Respublika Project Performance Evaluation Reports Dec 2011

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