Assets of Bank Respublika for the past three quarters rose by 2.4% - up to 493.01 million manat.
According to the financial structure, the bank's loan portfolio by October 1 amounted to 293.467 million manat (+ 2%) with the deposit in the amount of 323.092 million manats (+ 4.6%), including deposits of the population at 178,209,000 manat (+ 10.3%).
The liabilities, including long-term, at the end of September amounted to 429.644 million manat (+3.5%).
The bank’s equity complies with the requirements of the Central Bank for the minimum capitalization (50 million manat), reaching 63.367 million manat.
The bank has a net profit of 11.386 million manat.
JSC Bank Respublika was founded on February 17, 1992. Among its prominent shareholders there are several German companies: Investment Corporation DEG, a member of the banking group KfW, and SIDT, a member of the financial group Sparkassen-Finanzgruppe with a total share of 25% in the authorized capital. --17D-
Economics
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The State Statistics Committee of Azerbaijan reported that in 2024 investments in fixed assets reached 21,435.1 million manats, which is 0.7% less than in 2023. While overall figures edged lower, the sectoral breakdown reveals notable disparities between the oil and gas sphere and non-oil industries.
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Azerbaijan’s industrial enterprises and individual entrepreneurs reported a modest 1.1% year-on-year increase in industrial production during 2024, reaching an output valued at 64.1 billion manat. The State Statistics Committee attributed the overall growth to a 0.5% expansion in the oil and gas sector, while non-oil and gas industries surged by 7.3%.
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Global diesel prices and refining margins have spiked following the latest U.S. sanctions targeting Russian oil trade, as markets brace for reduced supply, analysts and LSEG data indicate.
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Azerbaijani President Ilham Aliyev hosted Georgian Prime Minister Irakli Kobakhidze on Friday for high-level talks aimed at further developing the strategic partnership between the two neighboring countries in the South Caucasus.
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