Bank Respublika

Bank Respublika
Company type	Open Joint-Stock Company
Industry	Banking
Founded	22 May 1992
Headquarters	Baku, Azerbaijan
Number of locations	25 branches, 2 service points (2021)
Area served	Azerbaijan
Key people	Elchin Guliyev,; Chairman of the Supervisory Board
Products	Financial services
Number of employees	More than 1200
Website	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).^[1]

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 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.^[2]

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".^[3]

Structure of Bank Respublika's shareholder equity: