Bank Respublika and Finnfund Sign a Major Credit
Agreement
Bank Respublika, one of Azerbaijan’s leading banks and a strong
supporter of the country’s real sector development, has signed
credit agreement with Finnfund, the Finnish development financier
and impact investor.
Under the agreement, Finnfund will provide Bank Respublika with
financing equivalent to EUR 15 million in Azerbaijani manat (AZN)
for a period of three years. 30% of the total financing will be
directed to women, making the investment aligned with the 2X
Challenge on gender equality. The transaction marks Finnfund’s
first-ever synthetic local currency loan.
The funding will be directed toward supporting Bank Respublika’s
key strategic priorities, including financing green projects,
expanding access to financial resources for women entrepreneurs,
and supporting micro, small and medium-sized enterprises (MSMEs)
across Azerbaijan.
The signing of this agreement represents another important
milestone in strengthening Bank Respublika’s international
partnerships and reflects the continued confidence of international
financial institutions in both the Azerbaijani banking sector and
Bank Respublika.
Ulla-Maija Rantapuska, Senior Investment Manager at
Finnfund, said: “This investment combines climate
action, gender equality and financial inclusion in a highly
tangible way. By providing local currency financing to a leading
bank focused on MSMEs and green lending, we can help channel
funding to underserved segments while supporting Azerbaijan’s
transition towards a more diversified and sustainable
economy”.
Tariyel Ismayilov, Chairman of the Management Board of
Bank Respublika, said: “We highly value the start of
our cooperation with Finnfund and view the signing of this
agreement as another important step in strengthening our
collaboration with international financial institutions. Support
from one of Finland’s leading development finance institutions is a
recognition of Bank Respublika’s resilience, the effectiveness of
our business model, and our commitment to responsible financing
principles. The funds attracted under this agreement will enable us
to further expand support for entrepreneurs and projects
contributing to the sustainable development of Azerbaijan’s
economy.”
For more information:
Website: www.bankrespublika.az
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