PROJECT

Projects

Summary of Proposed Investment

Project Number

28380

Company Name

Bank Respublika JSC

Date SPI Disclosed

Aug 18, 2009

Country

Azerbaijan

Industry

Financial Markets

Projected Board Date

Sep 20, 2009

Status

Completed

Sector

Commercial Banking - General

Department

Global Industry, Financial Markets

Environmental Category

FI

Previous Events

Approved : Sep 23, 2009
Signed : Sep 25, 2009
Invested : Nov 18, 2010

Project Description

The proposed transaction consists of a senior loan of up to $20 million to Bank Respublika Open Joint Stock Company (the “Bank” or “Respublika”) for on-lending to micro, small and medium enterprises (“MSMEs”). IFC has previously provided a senior loan to Respublika for SME lending as well as a trade line under the Global Trade Facility Program.

Sponsor / Cost / Location

Development Impact