Bank Of Baku

Bank Respublika gets decline in profit

Bank Respublika gets decline in profit
# 17 August 2012 09:18 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Bank Respublika’s profit during January-June, 2012, made AZN 6.109 mln, down 6.9% from year earlier.

Bank says total incomes rose 30% to AZN 22.141 mln, as well interest incomes dropped 25% to AZN 15.166 mln, on-inetrest incomes rose 42% to AZN 6.975 mln.

Total expenditures soared 53% to AZN 16.032 mln, as well interest expenditures slipped 49% to AZN 2.402 mln, non-interest expenditures slid 27.4% to AZN 6.535 mln.

Interest profit decreased by 24% to AZN 5.669 mln, non-interest loss went down 49% to AZN 5.669 mln.

Remind that, Bank Respublika has been in operation since 1992. The bank operates 33 branches, 47 ATMs and 715 POS-terminals across the country.
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