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The story
Bank Respublika was established in May 1992 as a private bank with significant focus on small and medium-sized enterprise (SME) operating in the non-oil and gas sectors in Azerbaijan. It experienced a sharp crunch of the ability to lend during the 2008 financial crisis years, requesting major recapitalization from the shareholders.
On June 1, 2011, the bank's total capital exceeded 53.7 million Azerbaijani manat (₼) (US$31.6 million) and total assets reached ₼294.2 million (US$173.0 million), with the later accounting for 1.9% of the total assets held by banks in Azerbaijan, making it the 10th largest in the country at the time.
From Wikipedia’s article on Bank Respublika, shared under CC BY-SA 4.0.4