| Bank Respublika | |
| Type: | Open Joint-Stock Company |
| 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: | 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]
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: