On 21 January the
commercial bank Bank Respublika (“Bank Respublika” ASC) released basic
information on its results for 4Q 2012. Among
the highlights, the bank’s total assets on 31
December 2012 reached 430,841,000 AZN (€ 415 mln), up 11.9% from
the end of the previous quarter and up 37.7% from the beginning of the year. (1 EUR equaled 1.0388 AZN on 31 Dec. 2012 .) During the year the bank’s total loan
portfolio grew by 35.6%, ending the year at 234.7 mln AZN (€ 226 mln). Net income for the year, after taxes, was
9.844 mln AZN (€ 9.48 mln). (N.B.: The
consumer price index in Azerbaijan
In earlier news, on
18 January, after application by the underwriter Chelsea Capital (“Çelsi Kapital”
MMC), the Baku Stock Exchange began listing on its non-quotation list a new
issue of 5-year bonds by Parabank (“Parabank” ASC). The new bond issue consists of 6,000 bonds with
a par value of 1,000 AZN (€ 957) each, for a total value of 6 mln AZN. The interest rate for the unsecured bonds is
set at 15%, to be paid quarterly. The
prospectus for the bonds was approved on 17
December 2012 by the State Committee for Securities (Qiymətli
Kağızlar üzrə Dövlət Komitəsi – QKDK) and received the issue number AZ2004003805,
and the approved prospectus was published on the website of the Baku Stock
Exchange on 24 December 2012 .
Sources:
Bank Respublika: Press release Bank Respublika 2012-ci ilin
yekunlarına dair maliyyə göstəricilərini açıqladı (2013-01-21)
Bank Respublika: Simplified balance sheet for 4Q 2012:
Balans hesabatı
(2013-01-18)
Bank Respublika: Simplified income statement for 4Q
2012: Mənfəət və zərərə
dair hesabat (2013-01-18)
Parabank: Baku
Parabank: QKDK press release: Dekabr
ayında QKDK tərəfindən aşağıdakı şirkətlərin qiymətli kağızlar buraxılışı
qeydiyyata alınmışdır (2012-12-30)
Parabank: Prospectus: «Parabank» ASC
istiqrazların emissiya prospekti (2012-12-24)
Mark Pleas
[contact]
