Finance

Home page

Finance

Rabitabank gets 28% growth in involved deposits

01 February 2011 13:45 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of January 1, 2011, Rabitabankâ€™s assets stood at AZN 121.821 mln, up 17.4% from year earlier.

Bank says loan portfolio rose 17.5% to AZN 85.448 mln, consumer lending soared 30.3% to AZN 23.737 mln, loan given for until 12 months increased by 24% to AZN 37.050 mln, given for over 12 months â€“ by 10.4% to AZN 42.409 mln, mortgage loan via own program declined 12% to AZN 5.629 mln, problem loan surged 36.8% to AZN 5.989 mln.

Deposit portfolio climbed 21.2% to AZN 102.840 mln, including populationâ€™s deposit gained 27.9% to AZN 56.353 mln, term deposit slipped 38.6% to AZN 3.961 mln.

Total capital grew 0.8% to AZN 13.248 mln, authorized capital went up 10.3% to AZN 10.103 mln.

Note that, income stood at AZN 14.542 mln, up 0.5%, interest income advanced 0.8% to AZN 12.552 mln, non-interest income dropped 1.3% to AZN 1.990 mln. At the same time, expenditure raised 9.4% to AZN 15.519 mln, as well interest expenditure soared 29.4% to AZN 9.216 mln, non-interest expenditure slid 8.5% to AZN 6.303 mln, PR and marketing spending fell 24.4% to AZN 0.133 mln. Loss made AZN 0.977 mln.

Staffs rose 8.1% to 330, average monthly salary advanced 1.8% to AZN 667.

Rabitabank has been in operation since 1993. The bank operates 20 branches, 28 ATMs and 138 POS-terminals across the country.