Bank Respublika opens next branch in Baku

Bank Respublika opens next branch in Baku
# 01 December 2008 09:50 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Bank Respublika has opened its next branch in Baku.
The Progress Branch is located at 71, Mirali Gashgay Street.
The bank said its new branch will offer all banking services to customers.
At present Bank Respublika operates 30 branches, including 6 branches opened this year.
Bank Respublika has been in operation since 1992. DEG Investment Corporation and Sparkassen International Development Trust hold a 25%+1 joint stake.
As at October 1, its assets stood at AZN 405.1 million, loan portfolio at AZN 279.3 million, deposit portfolio at AZN 147.4 million, total capital at AZN 43.7 million and authorized capital stood at AZN 22.6 million.
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