Project description
and objectives:
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Azerbaijan Financial Sector Framework is a multi-client, multi-product framework of USD 100 million in support of the Bank’s Financial Sector Strategy for Republic of Azerbaijan, which aims to strengthen the sector by addressing identified gaps and weaknesses and promoting best practice.
This framework will enable the Bank to increase both the amount and variety of medium-term funding available to a range of financial intermediaries including banks and non bank financial insitutions (e.g. micro-finance, mortgage, leasing or insurance companies). The product range will include all types of senior debt (e.g. SME, MSE, mortgage, syndicated, consumer, leasing), guarantees, subordinated debt, quasi-equity and equity investments.
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Sub-projects:
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- Azerbaijan Multi Bank FW - Azerdemiryolbank
- Azerbaijan Multi Bank FW - International Bank of Azerbaijan
- Azerbaijan Multi Bank FW - Unibank (fka MBank)
- Azerbaijan Multi Bank FW - Bank of Baku
- Azerbaijan Multi-Bank FW - Bank Respublika
- Azerbaijan Multi Bank FW - Azerdemiryolbank (II)
- Azerbaijan Multi Bank FW - Azerigazbank
- Azerbaijan Multi-Bank FW: Bank of Baku (II)
- Azeri Multi Bank Framework - Azerdemiryolbank (MSE)
- Azeri Multi-Bank Framework - Bank Respublika (MSE)
- Azeri Multi-Bank Framework - Unibank (MSE)
- Azerbaijan Multi Bank FW - Bank Respublika (II)
- Azerbaijan Multi Bank FW - Azerigazbank (II)
- Azerbaijan Multi-Bank Fram - Bank of Baku (III)
- Azerbaijan Multi Bank FW - Mugan Bank II
- Azerbaijan Multi-Bank FRW - Azerigazbank III
- Azerbaijan Multi-Bank Framework - Unibank (II)
- Azerbaijan Multi Bank FW - Bank Respublika (III)
- Azerbaijan Multi Bank FW - Azerdemiryolbank (III)
- Azerbaijan Multi Bank FW - Mugan Bank
- Azerbaijan Multi Bank FW - Nikoil Bank
- Azeri Multi-Bank Framework - Rabitabank MSME Loan
- Azeri Multi-Bank Framework - Bank of Baku
- Azerbaijan Multi-Bank FRW - Bank Respublika IV
- Azeri Multi-Bank Framework - Azerigazbank IV
- Azeri Financial Sector Framework - Azerigazbank SME/MSE V
- Azerbaijan Multi-Bank FW - Azerdemiryolbank IV
- Azerbaijan Multi-bank FW - MuganBank III
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Transition impact:
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The project will have a significant transition impact in the Republic of Azerbaijan by improving financial intermediation in Republic of Azerbaijan and assisting with the development of the non-bank financial sector, which is currently at an early stage of development. The project will support development of the private companies and the financial sector in Republic of Azerbaijan by increasing medium and long-term financing to the real sector of the economy through local banks and non-bank financial institutions.
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The client:
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Existing Partner Banks (“PBs”) and new partner financial intermediaries including banks and all types of non-bank financial institutions (“FIs”).
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EBRD finance:
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USD 100 million.
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Total project cost:
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USD 100 million.
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Environmental impact:
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Screened FI. Participating banks will need to ensure they have sufficient capacity to implement and comply with the EBRD Environmental Procedures for Financial Intermediaries. Representatives of some existing participating banks have attended the Environmental and Social Risk Management training for FIs in 2006.
All participating banks will need to comply with Azerbaijan national environmental, health, safety and labour regulations and standards. Participating Banks will also need to provide Environmental and Social Risk Management training to all credit officers. Participating Financial Institutions will be required to comply with the EBRD’s Environmental Procedures for Local Banks, including nomination of a member of senior management to have overall responsibility for implementation of the EBRD’s Environmental Procedures,, adherence to the EBRD’s Environmental Exclusion and Referral List and submission of annual environmental reports to the Bank.
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Technical
cooperation:
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Participating banks are benefiting from MSME Credit Advisory services provided by Consultants funded by the ETC Multi-Donor Fund. Additional technical assistance may be sought depending on the requirement of the partner financial institutionsin relation to the introduction of other products under the Framework.
For consultant opportunities for projects financed by technical cooperation
funds, visit procurement
of consultants.
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Company contact:
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N/A
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EBRD contact:
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Ainura Guppy, Operation Leader: guppya@ebrd.com
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Business opportunities:
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For business opportunities or procurement, contact the client company.
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General enquiries:
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EBRD project enquiries not related to procurement:
Tel: +44 20 7338 7168; Fax: +44 20 7338 7380
Email: projectenquiries@ebrd.com
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