PROJECT

Projects

Summary of Investment Information

Project Number

50314

Company Name

Bank Respublika JSC

Date SPI Disclosed

Oct 11, 2024

Country

Azerbaijan

Region

Europe

Projected Board Date

Nov 13, 2024

Environmental Category

FI-2 - Limited

Status

Active

Last Updated Date

Dec 18, 2024

Department

Regional Industry FIG LAC & EUR

Industry

Financial Markets

Previous Events

Approved : Nov 12, 2024
Signed : Nov 14, 2024
Invested : Dec 16, 2024

Sector

Commercial Banking - SME Finance

Project Description

The investment is an up to US$40 million equivalent financing package to Bank Respublika (Respublika or the “Bank”) to support the Bank’s lending to micro, small and medium enterprises (“MSMEs”) and/or low-income households with not less than 50% of the proceeds to be allocated to Sustainable Climate Financing. (the “Project”). The Project aims mobilizing B loan(s).

 

Sponsor / Cost / Location

Development Impact

E&S Category Rationale / Risks and Mitigation