Switzerland-based investing firm Enabling Qapital recently disbursed a subordinated loan of USD 8 million from its Enabling Microfinance Fund (EMF) to Bank Respublika, which focuses on serving micro-, small and medium-sized enterprises in Azerbaijan. Founded in 1992, Bank Respublika offers deposits, loans, payment cards, mobile banking, safe deposit boxes and other services. It has 28 branches and 60 automated banking machines. During 2021, the bank earned profits of AZN 9.1 million (USD 5.3 million), ending the year with assets of AZN 1.1 billion (USD 650 million).
Enabling Qapital advises EMF and co-advises Spark+ Africa, a fund investing in “clean, modern distributed energy solutions for cooking.” These funds together hold assets of USD 500 million.
Sources and Additional Resources
Enabling Qapital press release
https://enabling.ch/emf-microfinance-fund-continues-to-support-bank-respublika/
Bank Respublika homepage
https://www.bankrespublika.az
Did you know that MicroCapital publishes the MicroCapital Monitor newspaper each month? Find out more at https://www.microcapital.org/products-page/.
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