Bank Of Baku

Bank Respublika gets 34% rise in deposits

Bank Respublika gets 34% rise in deposits
# 21 September 2012 11:21 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Bank Respublika has released financial performances as of September 1, 2012.
“Most noticeable performance is Bank’s deposits. So, total sum of the deposits reached AZN 216.219 mln., up 34% from year earlier”, said the bank.
Besides, the total capital made AZN 60.282 mln, assets – AZN 400.431 mln, up AZN 312.992 mln or 27.9% ion comparison to 2011.
Loan portfolio rose 27.6% to AZN 220.860 mln, net profit reached AZN 9.056 mln.
Bank says the funds directed to payment of dividends to the shareholders in 2011 made AZN 6.9 mln. Bank’s current net profit exceeds previous performance.
At present, bank’s strategic goal is to increase the financing portfolio of small and medium entrepreneurship. At the same time, bank planed to increase efforts to remain as stable and reliable for its clients.
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