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Rabitabank gets 25% rise in share capital

Rabitabank gets 25% rise in share capital

07 October 2009 16:55 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of October 1, Azerbaijan-based Rabitabank posted its assets at AZN 86.136 million, down 10.8% from a year ago.

Deposit portfolio dropped by 15.5% to AZN 67.035 million, lending portfolio fell by 15.3% to AZN 61.380 million, and consumer loans plunged by 20.4% to AZN 19.060 million.

The bank said it saw a 9.3% rise in total equity capital and a 25% increase in the paid-in capital.

Revenue fell by 13.1% to AZN 10.739 million and expenditure dropped by 81.% to AZN 10.201 million.

Profit fell by two-fold to AZN 538 000.

Established in 1993, Rabitabank operates 18 branches, 4 bureaus of exchange, 24 ATMs and 103 POS terminals across the country.

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