Bank Respublika
Encyclopedia
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 AZN 53.7 mln (USD 68.0 mln) and total assets reached AZN 294.2 mln (USD 372.4 mln).
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.
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:
National Bank of Azerbaijan
The Central Bank of Azerbaijan is the central bank of Azerbaijan Republic. The headquarters of the bank are located in the capital city Baku.-Mission and ownership:...
Republic. As of June 1, 2011, the bank’s total capital exceeded AZN 53.7 mln (USD 68.0 mln) and total assets reached AZN 294.2 mln (USD 372.4 mln).
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 KfWKFW
KFW may refer to:*Keith Fullerton Whitman , an American musician*KfW or Kreditanstalt für Wiederaufbau, a German public-sector financial institution...
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.
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 - 75.0 percent
- Investment Company DEG - 16.7 percent
- Sparkassen International Development Trust - 8.3 percent
See also
- Banking in AzerbaijanBanking in AzerbaijanThe Central Bank of Azerbaijan is the central bank of Azerbaijan which is charged with regulating the money supply, circulating currency, and regulating the commercial banks of the country. However, the banking system in Azerbaijan is small relative to GDP and ineffective in capital allocating. An...
- Central Bank of Azerbaijan
- List of banks in Azerbaijan
- Azerbaijani manatAzerbaijani manatThe Manat is the currency of Azerbaijan. It is subdivided into 100 qəpik. The word manat is borrowed from "moneta" which is pronounced as "maneta"...
- Economy of AzerbaijanEconomy of AzerbaijanAzerbaijan is an economy that has completed its post-Soviet transition into a major oil based economy , from one where the state played the major role...