Azerbaijan, Baku, 19 April / Trend / Deloitte & Touche LLC, international auditing company, submitted consolidated auditor's report for 2007 to Bank Respublika, the banks reported on 19 April.
The report covers the results of the activities of Bank Respublika and its subsidiaries - insurance company Baki Sigorta and investment company Respublika Invest.
According to the fiscal report, Bank Respublika's assets comprised AZN 249,491,000 by the end of 2007, which is by 124.2% more than in 2006. Bank's credits portfolio rose by 109.5% in 2007 and made up AZ 158,044,000. Client deposits rose by 113.3% to AZN 111,673,000.
In 2007, the consolidated capital of Bank Respublika increased by 150.4% to AZN 28,540,000 and its authorized capital grew by 75.7% to AZN 12,580,000. In the accounted period, Bank Respublika received AZN 6,688,000 of balance sheet profit, while its net profit amounted to AZN 5,088,000.