Rabitabank Secures USD 7 Million from Enabling Qapital to Finance Micro and SME Businesses

Rabitabank Secures USD 7 Million from Enabling Qapital to Finance Micro, Small and Medium-Sized Enterprises

Rabitabank OJSC has secured USD 7 million in financial resources through cooperation with the international investment company Enabling Qapital, with the aim of expanding access to financing for micro, small, and medium-sized enterprises.

The main purpose of the attracted funds is to support the financing of entrepreneurs operating in the micro and SME segment, promote their sustainable development, and contribute to the growth of the real sector and increased economic activity.

Under the new financial facility, the allocated funds are intended to improve access to credit resources for micro and small businesses, support their working capital and investment needs, and encourage new business initiatives and employment. The attracted funds will create additional opportunities for business expansion, increased production and service capacity, and the implementation of new investment projects. In addition, to strengthen protection against currency risks for both the bank and entrepreneurs, the funds will be provided to businesses in Azerbaijani manat using the hedging mechanism offered by the Central Bank of Azerbaijan.

Chairman of the Management Board Aydin Huseynov noted that, according to the Order of the President of the Republic of Azerbaijan dated April 21, 2016, April 25 is marked annually in Azerbaijan as Entrepreneurs’ Day. He emphasized that this agreement is important in terms of expanding access to financial resources for micro, small, and medium-sized enterprises, as well as supporting employment. Support for micro and small entrepreneurship is particularly important for inclusive economic development, increased business activity in the regions, and the creation of new jobs. In this regard, the attracted financial line is considered a strategically important cooperation not only for the bank but also for the real sector as a whole.

Cooperation with Enabling Qapital, an international financial institution regulated by FINMA and operating in Switzerland, further strengthens Rabitabank’s position as a reliable partner for foreign investors. At the same time, this cooperation once again demonstrates the bank’s commitment to sustainable and responsible financing principles.

For Rabitabank, this agreement is another important step toward expanding cooperation with international financial institutions, directing external resources into the real economy, and financing entrepreneurship.

For your information, Rabitabank OJSC has been operating since 1993, providing modern and accessible financial services under its “Convenient Banking” concept. The Bank’s authorized capital amounts to AZN 101.3 million. With its extensive branch network, digital banking solutions, and professional team, Rabitabank continues to deliver value-added services to its customers. The Bank’s principal shareholders are Zakir Alibala Nuriyev, President of the Azerbaijan Banks Association, and entrepreneur Rauf Zeynal Aliyev.

Currently, Rabitabank OJSC provides a wide range of modern banking services through 31 service outlets across Baku and 19 regions, 78 ATMs, the Rabita Mobile, Rabita Junior, and Rabita Business applications, its Internet Banking platform, and the 133 Contact Center.

Enabling Qapital Ltd. is a leading Switzerland-based impact asset manager regulated by FINMA. The company aims to contribute to a world where investments create financial, social, environmental, and economic value. With more than USD 900 million in assets under management, the company implements investment strategies in microfinance, access to energy and clean cooking solutions, as well as emerging market bonds. Its team consists of more than 65 professionals representing 14 nationalities and speaking more than 21 languages. Enabling Qapital brings meaning and value to investments.
www.enabling.ch