One of the largest commercial banks of Azerbaijan – the Republic of the Republic due to its successful activity continues to attract financial resources from major international organizations. This time, the Bank with Enabling Qapital’s mediation signed an agreement with the European investment company EMF Microfinance Fund on providing a subordinated loan in the amount of $ 5 million for an 8 years.
Recently, this is the fifth largest international financial institution that concludes an agreement with the Republic of the Republic. Prior to this, the International Finance Corporation (IFC), the European Bank for Reconstruction and Development (EBRD), the Dutch Development Bank (FMO) and Frontera Capital concluded an agreement with the Bank. This indicates a high confidence and confidence of international financial institutions in the long-term stability of the bank.
As reported in the bank, funds under the signed contract will be aimed at lending to the priority for the Bank of the Real Sector, in particular, small and medium businesses.
For 30 years of its successful activity, the Republic of the Republic was able to conquer the confidence of its customers and strengthen the five leading banks of the country. Among the shareholders of the bank are the largest financial institutions in Germany: Deg Investment Corporation (member of the KFW and SIDT Banking Group) and Sparkassen International Development Trust (SPARKASSEN-FINANZGRUPPE Financial Group).