Bank Of Baku

Bank Respublika posts 60% growth in assets

Bank Respublika posts 60% growth in assets
# 13 October 2008 10:32 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As at September 1, Azerbaijan-based Bank Respublika’s assets stood at AZN 405.1 million, up 60% from January 1.
The bank said loan portfolio increased 75.3% to AZN 279.3 million, deposit portfolio rose 32.2% to AZN 147.4 million, including 33.7% rise in population savings to AZN 70.1 million.
Total capital went up 84.7% to AZN 43.7million and authorized capital stood at AZN 22.6 million.
For January-September, revenue reached AZN 43.6 million and expenditures made AZN 31.2 million. The bank earned AZN 12.3 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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