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]
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| Company type | Open Joint-Stock Company |
|---|---|
| Industry | Banking |
| Founded | 22 May 1992 |
| Headquarters | , |
Number of locations | 25 branches, 2 service points (2021) |
Area served | Azerbaijan |
Key people | Elchin Guliyev, Chairman of the Supervisory Board |
| Products | Financial services |
Number of employees | More than 1200 |
| Website | www.bankrespublika.az |
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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%
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