Shareholders of Bank Respublika and AccessBank have approved the main terms of the deal under which Bank Respublika will acquire 100% of AccessBank's shares.
The transaction is expected to be completed by November 2026.
As part of the deal, AccessBank's current shareholders will receive new preferred shares in Bank Respublika, which together will account for 25% of the bank's charter capital.
After the acquisition is completed, Bank Respublika and AccessBank will initially continue to operate as separate banks. Their merger into a single bank will subsequently be carried out in accordance with regulatory requirements.
Both banks place particular emphasis on supporting micro, small and medium-sized businesses across all regions of Azerbaijan. Following the merger, the new bank's assets will total 4.5 billion manats, with a loan portfolio of 3.3 billion manats.
