![EBRD recognized Bank Respublika as "Most active issuing bank in Azerbaijan"!](https://turan.az/resized/media/2023/main/051700062355-750-500-resize.webp)
EBRD recognized Bank Respublika as "Most active issuing bank in Azerbaijan"!
Baku, May 17, 2023 – Bank Respublika was recognized as the "Most Active Issuing Bank in Azerbaijan" for 2022 within the Trade Facilitation Program (TFP) of the European Bank for Reconstruction and Development (EBRD).
The award was presented at a gala ceremony held during the Annual Meeting of the Board of Directors of the European Bank for Reconstruction and Development (EBRD) on May 16, 2023 in Samarkand.
This award testifies to the annually increasing efficiency of cooperation between the EBRD and Bank Respublika in the field of trade finance. This once again confirms that the Bank Respublika is successfully implementing its mission to support entrepreneurship in the country, an important part of which is the financing of foreign trade operations.
It should be noted that more than 2 thousand guests from 73 states, including representatives of foreign governments, heads of transnational corporations, heads of international financial institutions and banks, take part in the event.
Bank Respublika was established in 1992 and is one of the five leading banks in Azerbaijan. The bank's shareholders include Germany's largest financial institution - Sparkassen International Development Trust (a member of the Sparkassen-Finanzgruppe financial group). The bank has one of the highest international ratings in the banking sector of Azerbaijan - a rating of "B3" with a "Positive" outlook from Moody's. ®
Finance
-
The Accounting Chamber has revealed shortcomings in the Baku State University and the Azerbaijan State Academy of Physical Culture and Sport.
-
In 2023, the salary costs of employees of the State Oil Fund of Azerbaijan (SOFAZ) amounted to 9.8 million manats. This is stated in the financial statements of the Fund, which were audited at the end of the last year.
-
Azerbaijan's justified state budget expenditures totalled AZN 4,948 million in the first half of 2024.
-
As of the end of June 2024, credit unions in Azerbaijan had a balance sheet capital of AZN 9.1 million. This is stated in the credit union review published by the Central Bank of Azerbaijan.
Leave a review