Bank Of Baku

Bank Respublika sees sharp rise in Q1 profit

Bank Respublika sees sharp rise in Q1 profit
# 13 May 2011 07:33 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. In January-March, 2011, Azerbaijan’s Bank Respublika stood at AZN 1.546 mln, up 5.3 times from a year ago.

Bank says that total income decreased by 14% to AZN 7.952 mln, interest income – 21% to AZN 5.791 mln, non-interest income rose 15% to AZN 2.161 mln.

Total expenses went down 28% to AZN 6.406 mln, interest expenses – 51% to AZN 2.523 mln, non-interest expenses rose 31.1% to AZN 4.610 mln.

Interest earnings soared 48.1% to AZN 3.268 mln, non-interest loss – 50% to AZN 2.449 mln.

Remind that, Bank Respublika has been in operation since 1992. The bank operates 28 branches, 45 ATMs, 259 POS-terminals and 501 employees across the country.
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