OREANDA-NEWS. January 12, 2010. In the past year Azerbaijan’s Bank Respublika obtained growth of overall capital by more than 20%.

Aqshin Amirov, the BR chairman of board, says that Bank’s current charter capital is AZN 56 million.

“Our charter capital conforms fully to Central Bank’s requirement. Simultaneously adequacy of BR charter capital is now at the level of 24-25% that is exceeds two-fold the CB minimum demand,” Amirov said.

Bank Respublika has 19 shareholders – 13 individuals (75%) and 6 legal entities (25%). Among the latter are financial institutions of Germany – KfW bank group member DEG and Sparkassen International Development Trust (SIDT), a member of finance group Sparkassen-Finanzgruppe.