Bank Of Baku

Bank Respublika opens two more branches

Bank Respublika opens two more branches
# 03 March 2009 12:56 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Bank Respublika has opened branches in Mingechevir and Sheki,bringing the number of its branches to 32.
The bank said the branches provide a full range of services for legal entities and individuals.
As at January 1, Bank Respublika’s assets stood at AZN 387.875 million, loan portfolio at AZN 260.367 million, deposit portfolio at AZN 135.816 million, total capital at AZN 43.299 million and authorized capital at AZN 22.6 million.
Consumer lending grew 37.3% to AZN 87.357 million.
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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