Bank Respublika
{{primary sources|date=December 2011}}
{{Infobox company
| name = Bank Respublika
| type = Open Joint-Stock Company
| logo = Bank Respublika.svg
| foundation = 22 May 1992
| location_city = Baku
| location_country = Azerbaijan
| num_locations = 25 branches, 2 service points (2021)
| key_people = Elchin Guliyev,
Chairman of the Supervisory Board
| area_served = Azerbaijan
| industry = Banking
| products = Financial services
| num_employees = More than 1200
| homepage = [http://www.bankrespublika.az/?lang=en www.bankrespublika.az]
}}
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 (₼) (US$31.6 million) and total assets reached ₼294.2 million (US$173.0 million).[http://www.bankrespublika.az/?mod=inside&menu=151 The official web page of Bank Respublika, General information, retrieved on 9 November 2011]
Shareholders
File:Bank Respublika (Bərdə).jpg
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 banking group, and Sparkassen International Development Trust (SIDT), a member of financial group Sparkassen-Finanzgruppe. The relevant agreements were signed between the parties on April 28, 2005, in Bank Respublika's head office.[http://www.bankrespublika.az/?mod=inside&menu=152 The official web page of Bank Respublika, Shareholders, retrieved on 9 November 2011]
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".{{Cite web |title=Azerbaijan's banks emerge from the dark |url=https://www.thebanker.com/Azerbaijan-s-banks-emerge-from-the-dark-1567411216 |access-date=2024-05-27 |website=www.thebanker.com |language=en}}
Structure of Bank Respublika's shareholder equity:
- Local shareholders – 75%
- Investment Company DEG – 16.7%
- Sparkassen International Development Trust – 8.3%
See also
References
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External links
{{commonscat|Bank Respublika}}
- [http://www.bankrespublika.az/ Bank Respublika web site]
{{DEFAULTSORT:Bank Respublika}}
Category:Government of Azerbaijan
Category:Economy of Azerbaijan
Category:Banks established in 1992
Category:1992 establishments in Azerbaijan
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