Bank Of Baku

Bank Respublika increases authorized capital year-on-year

Bank Respublika increases authorized capital year-on-year
# 08 November 2010 08:10 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Bank Respublika’s assets stood at AZN 279.067 mln, down 23.4% compared with a year ago.

Bank says the deposit portfolio decreased by 19% to AZN 122.038 mln, population’s deposit by 7% to AZN 97.333 mln, loan portfolio by 31% to AZN 167.229 mln.

Total capital slid 6.4% to AZn 51.948 mln, authorized capital soared 23% to AZN 37.459 mln.

Income slipped 52% to AZn 26.481 mln, expenditure dropped 42% to AZN 27.257 mln. Loss made AZN 776 000.

Besides, staffs surged 5.3% to 501.

Bank Respublika has been in existence since 1992. The bank operates 33 branches, 44 ATMs and 259 POS-terminals across the country.
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