2024-07-13 18:02:49
Bank Respublika showed big growth in all financial indicators
Bank Respublika, one of the largest banks in the country, summed up the results of its work for the first half of 2024. According to the report, the Bank significantly increased its growth rate and strengthened its leading position in the banking services market of Azerbaijan.
Thus, compared to the same period last year, the Bank showed growth in all financial indicators and achieved significant positive results:
Bank assets grew by 30% and amounted to 2.23 billion manatwhich is one of the highest rates among the country’s banks.
Total capital the bank increased by 30.6% and amounted to 184.8 mln. manatexceeding the regulatory norm by more than 3.7 times.
Net interest income the bank grew by more than 33%, reaching 70,878 million. manat
Net operating profit the bank grew by 52%, reaching 33,386 million. manat
Deposit portfolio the bank grew by 39% and amounted to 1.49 billion manat, which once again confirms the trust of a large number of clients in Bank Respublika.
Tier I capital adequacy ratio – 8.56% (norm 6%)
Total Capital Adequacy Ratio – 13.11%, (norm 12%)
The leverage ratio – 5.52% (norm 5%)
Bank net profit increased by 49% and amounted to 26.26 million. manat.
Bank Republic was established in 1992 and is one of the five leading banks in Azerbaijan. One of the largest financial institutions in Germany, Sparkassen International Development Trust (a member of the financial group Sparkassen-Finanzgruppe), is represented among the bank’s shareholders.
You can get more detailed information on the official website of the bank, on the bank’s pages on Facebook, Instagram, LinkedIn, Telegram or by calling the Bank’s Call Center at 144.