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
The manat ( ISO code: AZN; sign: ₼; abbreviation: m) is the currency of Azerbaijan. It is subdivided into 100 ''gapiks''.
The first iteration of the currency happened in the times of the Azerbaijan Democratic Republic and its successor, the Az ...
(₼) (US$31.6 million) and total assets reached ₼294.2 million (US$173.0 million).
Shareholders
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
The KfW, which together with its subsidiaries DEG, KfW IPEX-Bank and FuB forms the KfW Bankengruppe ("banking group"), is a German state-owned investment and development bank, based in Frankfurt. As of 2014, it is the world's largest national d ...
banking group, and Sparkassen International Development Trust (SIDT), a member of financial group
Sparkassen-Finanzgruppe
The ''Sparkassen-Finanzgruppe'' ("Savings Banks Financial Group") is a network of public banks that together form the largest financial services group in Germany and in all of Europe. Its name refers to local government-controlled savings banks ...
. The relevant agreements were signed between the parties on April 28, 2005 in Bank Respublika's head office.
The official web page of Bank Respublika, Shareholders, retrieved on 9 November 2011
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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%
See also
* Banking in Azerbaijan
* Central Bank of Azerbaijan
The Central Bank of Azerbaijan (CBA, az, Azərbaycan Mərkəzi Bankı) is the central bank of Azerbaijan Republic. The headquarters of the bank is located in the capital city Baku.
The National Bank of the Republic of Azerbaijan was establish ...
* List of banks in Azerbaijan
* Azerbaijani manat
The manat ( ISO code: AZN; sign: ₼; abbreviation: m) is the currency of Azerbaijan. It is subdivided into 100 ''gapiks''.
The first iteration of the currency happened in the times of the Azerbaijan Democratic Republic and its successor, the Az ...
* Economy of Azerbaijan
An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the p ...
References
External links
Bank Respublika web site
Government of Azerbaijan
Economy of Azerbaijan
Banks of Azerbaijan
Banks established in 1992
1992 establishments in Azerbaijan
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