Net Profit of Bank Respublika Increased Twofold

Baku, October 29, 2018/Turan: Bank Respublika published financial statement reports for the third quarter of 2018. According to the statements, in the third quarter the Bank was able to continue the positive dynamics and showed good operating and financial results.

As of October 1, 2018, the bank's assets exceeded 976 million manat, which is 14% more than in the second quarter. In the third quarter, the Bank's net profit increased by 2 times and exceeded 1 million manat. Also, it is worth emphasizing the increase in the deposit portfolio. So, in comparison with the third quarter of the previous year, the Bank's deposit portfolio increased by 55%.

"The positive dynamics of the main financial indicators was achieved thanks to the phased implementation of the Bank"s development strategy, which involves supporting the development of small and medium-sized businesses using new technologies. It is nice to see that a large number of customers choose Bank Respublika as their main financial partner. This is an indicator of the hard work of the whole Bank team striving to provide quality financial services to clients throughout the country. Among our main priorities is the provision of new products, the further development of mobile banking and remote customer service channels," commented Asaf Namazov, Chairman of the Board of Bank Respublika.

More information can be obtained on the official website, or Facebook page of the bank, or by calling 144. -- 0--