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Bank Respublika increased its net profit by 15 %

February 3, 2014

BAKU /03.02.14/TURAN: JSC Bank Respublika on the basis of last year had net profit after tax of 11.19 million manat, which is 14.3% more than the same period in 2012. The bank's earnings equaled 60.04 million manat and expenditures - 45.66 million manat, increasing by 23.5%, respectively, and 27.3%. Total assets increased by 11.8 %, amounting to 481.53 million manat. The volume of loans issued to individuals and legal entities grew by 23.5 % and amounted to 289.93 million manat. Deposit portfolio increased by 19.2 %, amounting to 308.96 million manat, including term client investments increased by 60.9 % to 143.48 million manat. Overall capital rose by 7.1 % higher than 63.42 million manat and paid charter capital remained unchanged at 11.19 million manat. - 15B -

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Source: Turan Information Agency (Azerbaijan)

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