Bank Respublika completes credit facility usage

The Bank's head office told APA that the agreement on opening of this credit line was concluded in London on May 20, 2006.

The Bank used the credit line towards SME on-lending for four years.

During the history of cooperation with the EBRD, Bank Respublika was lent a credit line in the amount of $12.7 mn towards SME on-lending, $5m for SME crediting program, $2.2m for microcredit program and $5.5m for trade financing.

Bank has a long and successful enough history of co-operation with the Asian Development Bank (ADB), The Netherlands Development Finance Company (FMO), The German-Azerbaijan Fund (GAF), the Black Sea Trade and Development Bank (BSTDB), DEG Investment Company, Bankgesellschaft Berlin, Raifeisen, Commerzbank, National Entrepreneurial Assistance Fund (NEAF), Azerbaijan Mortgage Fund (AMF) and other financial organizations.

In total, Bank Respublika received loans of over $65m from financial institutions.