<img src="https://img.day.az/2024/10/11/800×550/bank_respublika.png" class="article-image" alt="Bank Republic showed growth in all indicators in the third quarter”/>
Bank Republic, one of the largest banks in the country, announced financial results for third quarter 2024 year. According to the reports, the bank continued its dynamic development and strengthened its leading position in the banking services market of Azerbaijan.
Yes, compared to same period last year The bank showed growth in all financial indicators and achieved significant positive results:
✅ Bank assets increased by more than 15% and amounted to 2.2 billion manats, which is one of the highest figures among the country’s banks.
✅ Total capital bank increased by 38% and amounted to 206.7 million manats, exceeding the regulatory norm by more than 4 times.
✅ Loan portfolio the bank grew by 25%, reaching 1.4 billion manats.
✅ Deposit portfolio bank increased by 12% and amounted to 1.3 billion manat.
✅ bank grew by more than 30%, reaching 109.4 million manat
✅ Net operating profit the bank grew by more than 46%, reaching 52.1 million manats.
✅ Net profit bank increased by 53% and amounted to 39.2 million manats.
✅ Tier I capital adequacy ratio – 9.58% (norm 6%)
✅ Total capital adequacy ratio – 13.66%, (norm 12%)
✅ Leverage ratio – 6.68% (norm 5%)
Bank Republic was created in 1992 and is one of the five leading banks in Azerbaijan. Among the bank’s shareholders is one of the largest financial institutions in Germany – Sparkassen International Development Trust (member of the Sparkassen-Finanzgruppe financial group).
You can get more detailed information on the bank’s official website, on the bank’s pages on facebook, instagram, linkedin, telegram, or by calling the Bank’s Call Center at 144.