Baku. Elnur Huseynguluyev – APA-Economics. As at September 1, Azerbaijan-based Bank Respublika’s assets stood at AZN 398.57 million, up 57.4% from January 1.
The bank said loan portfolio increased 70.6% to AZN 271.7million, customer deposit portfolio rose 29.1% to AZN 143.97 million, including 31.7% rise in savings to AZN 69 million.
Total capital went up 95.8% to AZN 46.3 million and authorized capital stood at AZN 22.58 million. Deposits by population rose 23% to AZN 64.4 million.
For January-August, revenue reached AZN 37.2 million and expenditures made AZN 28.24 million. The bank earned AZN 8.96 million in profit.
Bank Respublika has been in operation since 1992. DEG Investment Corporation and Sparkassen International Development Trust hold a 25%+1 joint stake.
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