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Bank Respublika extends customer base by 55%

23 February 2011 14:16 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2011, Azerbaijan-based Bank Respublikaâ€™s assets stood at AZN 257.387 mln, down 26% from year ago.

Bank says the loan portfolio decreased by 20% to AZN 157.855 mln, including consumer lending by 41% to AZN 41.259 mln, loans given for until 12 months by 40% to AZN 40.455 mln, over 12 months by 24% to AZN 117.300 mln, through AMF rose 8.9% to AZN 10.998 mln, through bankâ€™s own mortgage program slipped 25% to AZN 6.727 mln.

Deposit portfolio declined 35% to AZN 115.387 mln, as well populationâ€™s deposit dropped 33% to AZN 63.268 mln, term deposit fell 47% to AZN 68.338 mln, and demand deposit soared 24% to AZN 47.048 mln.

At the same time, total capital slipped 13% to AZN 48.295 mln, including authorized capital surged 23% to AZN 37.459 mln.

Income lowered 32.3% to AZN 37.184 mln, expenditure went 16% down to settle at AZN 39.394 mln. Bank finished 2010 with loss in amount of AZN 2.210 mln.

Number of customers grew 55% to 126 022, active plastic cards surged 54% to 42 869 and staffs increased by 3.9% to 494.

Remind that, Bank Respublika has been in operation since 1992. The bank operates 27 branches, 44 ATMs and 260 POS-terminals across the country.