Azerbaijan: EBRD to support small businesses through Bank Respublika
December 15, 2021

Azerbaijan: EBRD to support small businesses through Bank Respublika

Micro, small and medium-sized enterprises (MSMEs) in Azerbaijan will benefit from greater access to finance, as the European Bank for Reconstruction and Development (EBRD) is providing a US$ 13.5 million financing, in Azerbaijani manat, to Bank Respublika, a key local lender.

The first credit line, in the local currency equivalent of up to US$ 9.5 million, will be provided under the EU-supported Azerbaijan Agricultural Finance Facility (AZAFF) and on-lent to agricultural businesses. AZAFF aims to step up financing for the country’s agricultural sector, boosting its development.

The other credit line, worth up to US$ 4 million, will be on-lent to MSMEs across the country. Both facilities will be extended in two equal tranches.

Bank Respublika is planning to direct most of the EBRD financing to companies outside large cities and to new clients, which are particularly hit by the COVID-19.

Our goal is to encourage bank lending and help produce an impact on firm growth, productivity and employment, said Catarina Bjorlin Hansen, EBRD Regional Director for the Caucasus.

Find out more

Press release


Interested in the latest news and opportunities?

This website is managed by the EU-funded Regional Communication Programme for the Eastern Neighbourhood ('EU NEIGHBOURS east’), which complements and supports the communication of the Delegations of the European Union in the Eastern partner countries, and works under the guidance of the European Commission’s Directorate-General for Neighbourhood Policy and Enlargement Negotiations, and the European External Action Service. EU NEIGHBOURS east is implemented by a GOPA PACE-led consortium. It is part of the larger Neighbourhood Communication Programme (2020-2024) for the EU's Eastern and Southern Neighbourhood, which also includes 'EU NEIGHBOURS south’ project that runs the EU Neighbours portal.

The information on this site is subject to a Disclaimer and Protection of personal data. © European Union,