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Bank Respublika posts 53% growth in assets

18 December 2008 10:38 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at December 1, Azerbaijan-based Bank Respublikaâ€™s assets stood at AZN 386.4 million, up 52.6% on January 1, 2008.
The bank said loan portfolio increased 65.9% to AZN 264.4 million, deposit portfolio rose 26.4% to AZN 140.9 million, including 16.9% rise in personal deposits to AZN 61.2 million and funds in personal accounts grew to AZN 16.6 million.
Deposits by legal entities reached AZN 63 million, of which AZN 32.2 million was term deposits and AZN 30.8 million was current accounts.
Total capital went up 83.1% to AZN 43.3 million and authorized capital rose 79.5% to AZN 22.6 million.
For January-November, revenue reached AZN 55 million and expenditures made AZN 41.7 million. The bank earned AZN 13.3 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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