Bank Respublika and Asian Development Bank Sign a
New Loan Agreement to Support Entrepreneurship
Bank Respublika and the Asian Development Bank (ADB) have signed
a $40 million loan agreement to finance micro, small, and
medium-sized enterprises (MSMEs) and the agriculture sector in
Azerbaijan’s regions.
The funds will be used to finance businesses engaged in
agricultural production, processing, and trade, as well as to
support women’s entrepreneurship. The financing will also support
the introduction of modern drip irrigation systems and the
cultivation of crops and fruits adapted to diverse weather
conditions.
The funds, which will be made available to entrepreneurs through
Bank Respublika’s branch network, will contribute to business
expansion, job creation, income growth, and greater resilience in
the agriculture sector across the regions.
“This financing aligns well with ADB’s country partnership
strategy for Azerbaijan, 2025–2029, by promoting private sector-led
growth, strengthening food security, improving resilience, and
expanding access to finance for women-led businesses in areas
outside the capital,” said ADB Country Director for
Azerbaijan Sunniya Durrani-Jamal. “The project builds on
ADB’s ongoing engagement with Bank Respublika, and we are pleased
to deepen our partnership to achieve these goals.”
“Supporting entrepreneurship across Azerbaijan’s
regions is one of Bank Respublika’s strategic priorities. The new
agreement with the Asian Development Bank will enable us to expand
financing for small and medium-sized businesses, particularly in
agriculture, modern agricultural technologies and women’s
entrepreneurship. We highly value our long-standing cooperation
with ADB. For us, this agreement represents not only a source of
long-term funding but also a further affirmation of international
financial institutions’ confidence in our bank’s resilience,
strategy and performance.” said Tariyel
Ismayilov, Chairman of the Management Board of Bank
Respublika.
About ADB. The Asian Development Bank is a
leading multilateral development bank supporting sustainable,
inclusive, and resilient growth across Asia and the Pacific.
Founded in 1966, ADB is owned by 69 members—50 from the region.
About Bank Respublika. Established in 1992,
Bank Respublika is one of Azerbaijan’s leading banks, offering a
wide range of financial services to individuals, MSMEs, and
corporate clients. With business financing among its strategic
priorities, the bank was named “Azerbaijan’s Best Bank for SMEs” by
the prestigious international publication Euromoney in 2026.
