On July 27, Bank Respublika held the distribution of shares totalinf AZN 1 352 984, through Baku Stock Exchange, Trend reports with referenec to the press-release of the bank. Thus, the authorized capital of Bank Respublika exceeded AZN 7.16 mln.
The increase of the authorized capital of Bank Respublika is linked with the dynamical growth of all financial indicators of the bank. In July 1, 2006, the assets of the bank exceeded AZN 79 mln, credit portfolio AZN 48 mln, and the volume of joint capital AZN 11 mln.
The share capital of Bank Respublika is attended by the large German finance instates. The Investment Corporation DEG, a member of KFW bank group, and Sparkassen International Development Trust, the member of finance group Sparkassen-Finanzgruppe, has been holding the share pack of the Bank in amount of 25%+1 since 2005.