Bank Of Baku

Rabitabank 11% extends loan portfolio year-on-year

Rabitabank 11% extends loan portfolio year-on-year
# 16 May 2011 08:34 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based Rabitabank’s loan portfolio stood at AZN 85.652 mln, up 11% from year earlier.

Bank says the loans for until 12 months made AZN 24.797 mln, for over 12 months – AZN 60.856 mln. Consumer lending rose 25.2% to AZN 24.240 mln.

As of April 1, the loans given via AMF stood at AZN 558.882 thousand, within the internal mortgage program – AZN 7.709 mln. Troubled loans made AN 6.067 mln.

Remind that, Rabitabank has been in operation since 1993. The bank operates 20 branches, 28 ATMs and 153 POS-terminals across the country.
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