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Bank of Republic Announces Results of Business Within Seven Months in 2007

Business Materials 23 August 2007 14:19 (UTC +04:00)

Azerbaijan, Baku / corr. Trend / Within seven months the assets of the Bank of Republic increased by 68% and made up AZN 187,0mln by the first of August. Credit portfolio of the Bank increased by 67.3% and made up AZN 127,3mln within seven months of 2007.

Client deposits increased by 85.5% and made up AZN 96.2mln. The volume of investments to the Bank by population by 63.9% within January- July and made up AZN 43.5mln by the first August. The joint capital of the Bank increased by 47.4% and made up AZN 18.1mln.

The Bank's income made up AZN 14.8mln and expenditure, AZN 12mln. The Bank's balance profit made up AZN 2.8mln within seven months.

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