Bank Respublika celebrates 6th anniversary of cooperation with German shareholders

Bank Respublika celebrates 6th anniversary of cooperation with German shareholders
# 28 April 2011 12:27 (UTC +04:00)
Baku. Elnur HUseynguluyev – APA-Economics. Azerbaijan-based Bank Respublika has celebrated the 6th anniversary of cooperation with German shareholders.

Bank says Bank Respublika and German financial organizations have signed a historical contract and KfW Bank Group’s member DEG Investment Company and Sparkassen-Finanzgruppe’s member SIDT joined the Bank Respublika’s shareholders with 20%+1 share.

“This cooperation played an important role in the development of bank. Thus, different foreign financial organizations have launched credit lines for Bank Respublika in amount of over $ 290 mln”.

Besides, according to outcomes of 2008 and 2009, the EBRD has awarded Bank Respublika with the prize for “Activest bank on financing of Trade in Azerbaijan”. Bank has realized operations in amount of over $ 57 mln for financing of trade, during these two years.

Remind that, Bank Respublika has been in operation since 1992. The bank operates 27 branches, 44 ATMs and 260 POS-terminals across the country.
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