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Population's deposits up more than 1/4 in Bank Respublika

Business Materials 13 August 2009 15:14 (UTC +04:00)

Azerbaijan, Baku, August 13 / Trend /

Azerbaijani Bank Respublika's assets hit 349.5 million manat as of August 1, 2009. Rest of the bank's loan portfolio hit 231.3 million manat as of reporting date.

Volume of funds at account of Bank Respublika's clients increased 8.7 percent and exceeded 147.6 million manat from 2009. Physical entities' funds increased 23.9 percent and hit 98.4 million manat in January-July. Volume of population's deposits increased 28.4 percent and hit 82.4 million manat as of reporting date compared to 64.1 million manat as of January 1, 2009.   

Income of Bank Respublika hit 34.72 million manat in January-July with expenses of 27.55 million manat. Balance profit of the bank hit 7.17 million manat for reporting period.

Bank Respublika launched its activity in 1992. share holders of the bank include two big financial organizations of Germany - DEG, member of KfW bank group and SIDT, member of Sparkassen-Finanzgruppe, with package of bank shares to the amount of 25 percent+1 share. Joint capital of Bank Respublika hit 55.83 million manat as of August 1, 2009 with authorized capital of 22.6 million manat. Roughly 33 branches and departments of Bank Respublika operate in Baku and Azerbaijani regions.  

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