Bank Respublika achieves 40% year-on-year increase in assets

Bank Respublika achieves 40% year-on-year increase in assets
# 14 April 2009 16:34 (UTC +04:00)
Baku. Elnur Huseynqguluyev –APA-Economics. As April 1, Azerbaijan-based Bank Respublika posted is assets at AZN 386.2 million, up 40.4% on a year ago.

The bank said loan portfolio grew by 33.3% to AZN 248.5 million and deposit portfolio rose by 15.7% to AZN 140 million.

Personal deposits grew by 24% to AZN 70 million.

The bank’s total capital increased by 51.9% to AZN 51.8 million and authorized capital stood at AZN 22.6 million.

Revenue made AZN 17.7 million and expenditure AZN 14.9 million.

Bank Respublika has been in operation since 1992.
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