Bank Respublika sees significant growth in loan and credit portfolios
Headlines 13:43 21 Oct, 2021
Total capital went up 16.2% to AZN 98.8 million
Bank Respublika, one of the leading banks in Azerbaijan, has released the financial statement for the third quarter of 2021.
Compared to the analogical period of 2020, the net interest profit increased by more than 10% to AZN 39.1 million. Net profit doubled to AZN 12.1 million.
Total capital went up 16.2% to AZN 98.8 million.
Credit and loan portfolios surged 39.8% and 15.2%, respectively.
The Tier I capital adequacy ratio was 8.34%, and the total capital adequacy ratio was 13.23%, respectively, 1.7 times and 1.3 times higher than the norm.
Bank Respublika was established in 1992.