PROJECT

Projects

Summary of Investment Information

Project Number

47054

Company Name

Bank Respublika JSC

Date SPI Disclosed

Jan 18, 2023

Country

Azerbaijan

Region

Europe

Projected Board Date

Nov 2, 2022

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Feb 5, 2023

Department

CF2S8 - Regional Industry - FIG - ECA/FIG Inv Operations - Europe

Industry

Financial Markets

Previous Events

Approved : Nov 2, 2022
Signed : Jan 19, 2023
Invested : Feb 3, 2023

Sector

Commercial Banking - General

Additional Project Attributes

Blended Finance

Project Description

 The investment is an up to US$40 million equivalent financing package to Bank Respublika (Respublika or the “Bank”) to support its lending to MSMEs, including at least 50% of the loan proceeds earmarked for on-lending to women-owned MSMEs (“W-MSMEs”) (the “Project”). IFC’s own account loan exposure will be up to US$20 million equivalent in the form of an Azerbaijani Manat (AZN)-linked loan and/or will be denominated in USD. The Project aims mobilizing B loan(s).

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation