OREANDA-NEWS. May 28, 2010. The Bank Respublika (BR) has finished purposeful manipulations with its loan portfolio.

A member of the BR supervisory board Agshin Amirov said, decrease of loan portfolio of the bank was connected with our decision to suspend its growth and to engage in cleaning of loan portfolio.

“We  estimated the most risky or capable to bring the raised risk and tried to escape them. Today we have achieved the result which wanted, and we increase growth of the portfolio. It will not be such as before the crisis. I do not believe that following the results of the year growth will exceed 15-20 %,” A. Amirov said.

The bank also fulfilled  the program of increase of capitalization by , recapitalizying profit for 2009.

“Adequacy of the capital over  20 % allows us to carry out work. We do not consider that there will be  need for growth of the  capital and, therefore, it is not planned additional recapitalization in 2010,”  A. Amirov said.