OREANDA-NEWS. According to the operating results, as of August 1, 2009, Bank Respublika’s assets reached AZN 349,500,000. The balance of credit portfolio was forming AZN 231.3 million as of the reported period, reported the press-centre of Bank Respublika.

Customer deposits also grew by 8.7% during the reported period and now exceed AZN 147,600,000. Termed deposits with Bank Respublika increased by 23.9% during January-July 2009 and totaled AZN 98,400,000 as of August 1st. Deposits of population increased by 28.4% and exceeded 82.4 million AZN, compared to 64.1 million AZN from January 1, 2009.

According to the operating results, in January-May 2009, Bank Respublika’s income totaled AZN 34,720,000 and its expenses amounted to AZN 27,550,000. The Bank’s income balance equaled AZN 7,170,000 within the period covered by the report.

Bank Respublika started its operation in 1992 and is now one of the leading banks of Azerbaijan. The Bank's shareholders include 2 of Germany's largest financial organizations – DEG, a member of the KfW banking group, and SIDT, a member of Sparkassen-Finanzgruppe, which hold a package of 25% + 1 share in the bank.