ACTIVITY TITLE
Bank Respublika MSME Loan II
Reported by
ACTIVITY SCOPE COLLABORATION TYPE AID TYPE FINANCE TYPE FLOW TYPE TIED STATUS HIERARCHY
National 4 Multilateral outflows 4
Project-type interventions C01
Untied 1
Planned start date 2021-12-07
Planned end date 2025-04-07
Actual start date 2021-12-07
Actual end date 2025-04-08
activity status: Finalisation
Physical activity is complete or the final disbursement has been made, but the activity remains open pending financial sign off or M&E
WHO'S INVOLVED ( 2 )
PARTICIPATING ORG REFERENCE ROLE TYPE
BANK RESPUBLIKA OJSC
Implementing Private Sector
European Bank for Reconstruction and Development
Funding Multilateral
General
A senior unsecured AZN loan to be provided under the Financial Intermediaries Framework ("FIF") in the amount of up to USD 4 mln equivalent (EUR 3.4mln) in favour of Bank Respublika. The project is implemented under Financial Institutions Framework (FIF) with proceeds to be used for on-lending to private micro-, small and medium sized enterprises (MSMEs) in Azerbaijan in accordance with the FIF Policy Statement. The transaction will support the leading private bank in Azerbaijan through (i) diversification of its funding structure with medium-term LCY resources; and (ii) support of its MSME portfolio growth.
recipient country ( 1 )
AzerbaijanAZ
100
LOCATION ( 1 )
NAME DESCRIPTION POSITION CLASS REACH EXACTNESS
AZERBAIJAN
ID 587116 (Geonames)
40.5 47.5 Administrative Region Approximate
country budget items ( 1 )
IATI Withdrawn ( 1 )
The budget identifier reported uses IATI budget identifier categories
7.1.1
100
sector ( 1 )
OECD DAC CRS 5 digit1( 1 )
The sector reported corresponds to an OECD DAC CRS 5-digit purpose code http://reference.iatistandard.org/codelists/Sector/
Formal sector financial intermediaries24030
100
GLOSSARY
Formal sector financial intermediariesAll formal sector financial intermediaries; credit lines; insurance, leasing, venture capital, etc. (except when focused on only one sector).
Financial Overview
Outgoing Commitment ( 1 )
Outgoing Commitment
Transactions ( 1 )
Outgoing Commitment ( 1 )
DATE DESCRIPTION PROVIDER RECEIVER VALUE
2021-12-07
FLOW Other flows 50
FINANCE Investment-related loan to developing countries Withdrawn 411
BANK RESPUBLIKA OJSC
3,524,384.34
EUR
Outgoing Commitment
General Enquiries
European Bank for Reconstruction and Development
+44 20 7338 7380
5 Bank Street, London E14 4BG
conditions( 1 )
NARRATIVE TYPE DESCRIPTION
A senior unsecured AZN loan to be provided under the Financial Intermediaries Framework ("FIF") in the amount of up to USD 4 mln equivalent (EUR 3.4mln) in favour of Bank Respublika. The project is implemented under Financial Institutions Framework (FIF) with proceeds to be used for on-lending to private micro-, small and medium sized enterprises (MSMEs) in Azerbaijan in accordance with the FIF Policy Statement. The transaction will support the leading private bank in Azerbaijan through (i) diversification of its funding structure with medium-term LCY resources; and (ii) support of its MSME portfolio growth. For more details, please refer to the project summary document at https://www.ebrd.com/view/psd/52661
Performance The condition attached requires certain outputs or outcomes to be achieved by the recipient