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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Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
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According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
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The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
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"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
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