Bank Of Baku

Bank Respublika increases investment in securities

Bank Respublika increases investment in securities
# 06 May 2011 12:12 (UTC +04:00)
Baku. Elnur HUseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based Bank Respublika’s loan portfolio stood at AZN 146.786 mln, down 17.8% in comparison to a year ago.

Bank says the consumer lending dropped 35.6% to AZN 40.042 mln, mortgage loan (via AMF) sliped 4.87% to AZN 17.771 mln.

Investments in securities rose by 5.3 times to AZN 16.803 mln, foreign liabilities slid 16% to AZN 64.473 mln.

Remind that, Bank Respublika has been in operation since 1992. The bank operates 28 branches, 45 ATMs and 259 POS-terminals across the country.
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