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Central Government/Public SectorProject Information
AZE: SUBORDINATED LOAN TO BANK RESPUBLIKA OPEN JOINT STOCK COMPANY
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$ 1 Cr
$ 10 Mn
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08-May-2017
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PID : 9507
Not Classified-Azerbaijan
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Description |
The assistance is in the form of a dollar-denominated subordinated loan (Tier II capital) of up to $10 million to Bank Respublika Open Joint-Stock Company in order to strengthen the bank's capital position and underpin the expansion of its lending activities, particularly to small and medium-sized enterprises (SMEs). |
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Objectives and Scope |
ADB's assistance to Bank Respublika is intended to increase Bank Respublika's Tier II capital and enhance its overall capital base. The strengthening of the bank's capital position will underpin further expansion on its lending activities and assist the bank as it seeks to gain market share in the Azerbaijan banking sector. |
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Linkage to Country/Regional Strategy |
Private sector development is an integral component of the Government's sustainable development strategy, which is also an important thematic priority for ADB. Support for private sector development is also consistent with ADB's Country Strategy and Program Updates for Azerbaijan and the Interim Operational Strategy for Azerbaijan. |
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