Bank Respublika’s assets have increased by 57.4% since the beginning of the year, totaling AZN 398,500,000 as of September 1st, 2008. The Bank’s credit portfolio expanded by 70.6% in January-August of the current year, reaching AZN 271,700,000.

Customer deposits grew by 29.1% and now exceed AZN 143,970,000. Termed deposits with Bank Respublika increased by 31.7% during January-August 2008 and totaled AZN 69,000,000 as of September 1st.

The Bank’s total capital shows an increase of 95.8% during the January-August period, reaching AZN 46,300,000 and, as of September 1st, its authorized capital totaled AZN 22,580,000.

According to the operating results, in January-August 2008, Bank Respublika’s income totaled AZN 37,200,000 and its expenses amounted to AZN 28,240,000. The Bank’s income balance equaled AZN 8,960,000 within the period covered by the report.