Baku, Finance Time.  In the current year, theBank Respublika continued to perform successfully main goals for this year - to expand the bank's operations and improve profitability.

Indicators on the main financial performance of the Bank on September 1, 2012 look as follows.

The Bank again retained its position as one of the leading financial institutions of the country. The aggregate capital reached 60.282 million AZN and assets reached 400 431 000 AZN, which is 27.9% more than the similar indicators following the results of December 2011 (312 992 500 AZN).

The structure of assets of the Bank Respublika for the first 8 months of 2012 represents:

Loan portfolio made up 55%, Funds from financial institutions made up 4.5%, Cash and cash equivalents made up 28.5%, Other assets made up 12.0%

In April 2012, shareholders of the bank were paid dividends for 2011. The amount of funds directed to the payment of dividends, amounted to 6.9 million AZN.

Loan portfolio of the Bank for the specified period increased by 27.6% and amounted to 220.860.000 AZN versus 173,146,650 AZN, following the results of December 2011.

The total amount of money of the Bank customers reached 216 219 000 AZN. Since the beginning of 2012 the volume of funds increased by 34.0%.

The interest income of the Bank Respublika made up 21,039,000 AZN and the non-interest income of the Bank amounted to 9,552,000 AZN. Profit of the Bank (prior to deduction of profit tax) reached 9,056,000 AZN. Return on assets (ROA) for 8 months made up 4.07%, while the return on equity (ROE) made up 25,6%.

Currently, the strategic goal of the Bank Republic is to increase a portfolio of financing small and medium enterprises by the end of 2012.