EIB Global increases support for Azerbaijani MSMEs with additional financing for Bank Respublika
Luxembourg, March 20 -- The European Investment Bank's international partnerships and development arm, EIB Global, has signed a €2 million top-up to the outstanding €10 million loan to Bank Respublika, reinforcing the European Union's commitment to expanding access to finance for micro, small and medium-sized enterprises in Azerbaijan. The additional financing builds on the success of the original operation signed in 2024.The new funding will enable Bank Respublika to further scale up lending to Azerbaijani businesses, particularly by increasing the availability of loans in Azerbaijani manat, helping local enterprises access more stable and affordable financing.MSMEs play a central role in Azerbaijan's economic diversification a...
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