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Bank Republic completed 8 months with 25,4 million GEL profit

Bank Republic completed January-August with 25,4 million GEL profit. The bank’s profit equaled to 5,3 million in August.

By September 1 deposits (non-banking) portfolio equaled to 516,2 million GEL (01/08/14 – 497,6 million), loans – 725,2 million GEL (01/08/14 – 737,3 million).

Since the beginning of the year deposits have increased by 1,4%, loans – by 1,8% (01/01/14 – 509 million, 713 million). Overall obligations are 866,4 million GEL.

Actives of Republic have been increased to 1.039 billion GE. Market share is 5,6% (01/01/14 -6,1%).

The bank operates since 1991. Stockholders are SOCIETE GENERALE (93,6%) and EBRD (6,36%).

Stock capital equals to 173 million GEL (01/01/14 -146,8 million).