Bank Of Baku

Bank Respublika 20% to increase its loan portfolio this year

Bank Respublika 20% to increase its loan portfolio this year
# 02 June 2010 11:16 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan based Bank Respublika is forecasted 15-20% growth in its loan portfolio, during 2010, member of board of director Aqshin Amirov told APA.

According to him, the bank’s crediting was accelerated and it’s expected 15-20% growth and to reach AZN 200 mln, this year.

He also noted that, the interest rates of deposits on the individual persons will be decreased by 8% during the next period.

Bankj Respublika has been in operation since 1992. The bank operates 28 branches, 44 ATMs and 254 POS-terminals.
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