Bank Of Baku

Bank Respublika sees 40% growth in deposit portfolio last year

Bank Respublika sees 40% growth in deposit portfolio last year
# 27 February 2012 12:37 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2012, Bank Respublika’s assets stood at AZN 312.993 mln, up 22% compared to last year.

During the reporting period, loan portfolio of the bank rose 9.7% to AZN 173.147 mln, deposit portfolio soared 40% to AZN 161.391 mln, term deposits dropped 0.2% to AZN 68.460 mln, demand deposits increased by 97.5% to AZN 92.931 mln, population deposits rose 43% to AZN 92.931 mln.

Remind that, Bank Respublika has been in operation since 1992. As of January 1, 2012, it operates 33 branches, 47 ATMs, 296 POS-terminals and 536 employees across the country.
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