Rabitabank gets 20% growth in Q1 assets

Rabitabank gets 20% growth in Q1 assets
# 22 May 2015 11:09 (UTC +04:00)

Baku. Musa Ahmadov – APA-Economics. As of April 1, 2015, Rabitabank’s assets stood at AZN 322.325 mln, up 19.32% from previous year.

Bank says the loan portfolio grew 26.44% to AZN 231.644 mln, consumption loans fell 5.72% to AZN 84.447 mln, overdue credits soared 54.69% to AZN 11.114 mln (4.8% of total loan portfolio), mortgage lending downed 6.13% to AZN 20.558 mln (AZN 304,630 given through AMF), deposit portfolio raised 13.84% to AZN 212.945 mln and personal savings shed 31.71% to AZN 163.272 mln.

Total capital went up 16.15% to AZN 59,573,000, authorized capital increased 6.59% to AZN 48,500,000.

Incomes slipped 29.25% to AZN 14.542 mln, expenditures slid 30.2% to AZN 13.544 mln.

Profit made AZN 998,000.

Bank currently operates 24 branches, 48 ATMs and 431 POS-terminals across the country.

#
#

THE OPERATION IS BEING PERFORMED