Bank Respublika started its operations on May 22, 1992 based on a license issued by the National Bank of Azerbaijan Republic and has become one of Azerbaijan's leading banks over that period.
The Bank's shareholders include 2 largest financial institutions of Germany: Investment Company DEG, a member of KfW banking group, and Sparkassen International Development Trust, a member of financial group Sparkassen-Finanzgruppe, which have owned a "25%+1 share" stock of Bank Respublika since April 28, 2005.
The fact that Bank Respublika's shareholders include Germany's largest financial institutions, on one hand, evidences the international confidence in the Bank, and, on the other hand, creates a whole world of new opportunities for the Bank's further development.
At present Bank Respublika offers a broad range of modern banking services including cash and settlement services, various consumer and business loans, deposits, plastic cards, money transfers, documentary transactions, travel checks, safekeeping boxes, remote customer services, etc.
Bank Respublika builds relations with clients based on the principle of being as helpful and useful to clients as possible, which is reflected both in the Bank's slogan – "Sizə faydalı" (Beneficial to You), and in specific actions and services. One of the main tasks is to continually improve the quality of customer service, expand the range of services and optimize their terms and conditions.
Bank Respublika also cooperates with the National Fund for Support to Entrepreneurship and Azerbaijan Mortgage Fund by getting actively involved in the government’s enterprise lending and mortgage lending programs.
An important aspect of the Bank's activity is active participation in various associations. Bank Respublika is a member of the Board of the Azerbaijan Bank Association, National Confederation of Entrepreneurs of Azerbaijan, American Chamber of Commerce in Azerbaijan (AmCham), German-Azeri Economic Cooperation Foundation (DAWF), etc.
Bank Respublika is also a member of international payment systems MasterCard International and VISA International. The Bank is also connected to urgent money transfer systems Western Union, Coinstar, Contact, Migom, PrivatMoney, Bistraya Pochta, Blizko, Xpress Money and Allur. Bank Respublika has also built correspondent relations with different local and foreign banks.
One of the priorities for the Bank is expanding the geography of operations and network of customer service that currently includes 30 branch offices and service points, 36 ATM's in Baku, Ganja, Sumgayit, Shirvan, Guba, Khachmaz, Lenkoran, Astara, Masalli, Yevlakh, Barda, Shamkir, Goychay and Goranboy.
Bank Respublika is the only bank in Azerbaijan that provides all-day uninterrupted service to individual customers seven days a week under the Ofis24 project, which clearly evidences the Bank’s special attention and care for its clients.