Bank Of Baku

Bank Respublika changes Masalli office to branch

Bank Respublika changes Masalli office to branch
# 01 April 2009 16:25 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azerbaijan-based Bank Respublika has changes its Office in Masalli to a branch.
The bank said the upgrade of status will allow providing quality banking services to local clients.
As of January 1, the bank’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.
Bank Respublika has been in operation since 1992. DEG Investment Corporation and Sparkassen International Development Trust hold a 25%+1 joint stake.
The bank has 21 branches, 40 ATMs and 290 POS terminals.
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