20 Years & Growing

Bank Respublika

Since the early years of Azerbaijan's transition to a market economy, Bank Respublika has grown to meet the challenges of the country's dynamic development.

In April 2005, the bank recorded a new milestone for Azerbaijan’s financial industry, attracting FDI from two of Germany’s largest financial institutions: DEG, a member of the KfW Banking Group, and Sparkassen International Development Trust, a part of the Sparkassen-Finanzgruppe. Together, these two respected institutions have a 25% + 1 share interest in Bank Respublika.

The bank has also successfully obtained ratings from international ratings agency Moody’s Investors Service. According to Moody’s, Bank Respublika has a long-term national and foreign currency deposit rating of B2, and a short-term local and foreign currency deposit rating at the NP level.

From 2008 to 2010, Bank Respublika was designated as “Azerbaijan’s most active trade financing bank” by the European Bank for Reconstruction and Development (EBRD). This illustrated the consistent activity of Bank Respublika in its provision of trade finance, and confirmed the confidence of international financial institutions in the bank.

The main target group that the bank focuses on is the middle class. According to market research, as the welfare of the population is improving, the number of those in Bank Respublika’s target group is also on the rise. Over time, its customers have come to understand that the bank provides advantages to save and control their money in a safe and effective manner. Over 2012, the number of customers accessing the services and products of Bank Respublika reached some 213,000, with 3,380 of these being corporate clients.

Bank Respublika continuously seeks to improve the quality of its customer service, expand its range of services, and optimize terms, versatility, and reliability. The bank is always on the look out to expand the range of services it offers to its customers. As an example, Bank Respublika was the first financial institution in Azerbaijan to provide uninterrupted 24-hour service to its individual customers under the OFIS 24 project.

One of the bank’s main priorities is to expand its customer service network in both geographical and operations terms. Today, professional banking services are rendered to the public through its network of 34 branches offering a full range of banking services, including 21 located in regional areas.

Bank Respublika considers its personnel to be its most valuable asset. The bank offers its employees not only an interesting workplace, but also opportunities for professional development and career advancement. The bank actively recruits talented young specialists, and invests in their ongoing training so as to develop their professional and business skills.

The bank pays special attention to the volume and composition of its assets, so as to increase profitability and minimize risk exposure. As a result of the growth in the number and diversity of its client base, the bank’s net assets have notably increased. Over 2012, Banka Respublika’s assets totaled AZN430.8 million, 37.6% up in year-on-year terms.

According to the Fineko Informational and Analytic Agency, Bank Respublika is ranked among Azerbaijan’s top-10 banks by total assets, and stood in eighth place on January 1, 2013.

Bank Respublika remains upbeat about the future, and welcomes the new challenges 2013 will bring. Works are fully underway to increase the number of Cash-in ATMs, which will expand its range of services and strengthen its market presence. As well, new products that allow the bank to improve its customer service level are at the implementation phase. Bank Respublika looks to provide to its clients a European level of service quality, to save customer time in a comfortable, queue-free environment, guarantee security and confidentiality, and ensure an individual approach to each and every customer.

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