Bank Of Baku

Bank Respublika sees 39% growth in deposits year-on-year

Bank Respublika sees 39% growth in deposits year-on-year
# 16 April 2010 09:18 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, Azerbaijan-based Bank Respublika’s assets made AZN 334.484 mln, down 13.4% compared with a year ago.

The bank says that, deposit portfolio 9.8% increased to AZN153.780 mln and deposits by population rose by 38.7% to AZN114.780mln. At the same time, loan portfolio made AZN 177.032 mln and consumer loans were AZN80.823 mln.

The total capital rose by 8.1% to AZN56.049mln and 35.4% rise to AZN 30.578 mln in authorized capital.

Incomes were AZN 9.213 mln and expenditures made ANZ 8.922 mln.

Bank Respublik has been in operation since 1992. The bank has launched 5 new branches and 2 ATMs.
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