Bank Of Baku

Rabitabank gets 14% rise in Q1 assets

Rabitabank gets 14% rise in Q1 assets
# 24 May 2011 14:39 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based Rabitabank’s assets stood at AZN 123.062 mln, up 14.3% from year earlier.

Bank says te loan portfolio rose 10.6% to AZN 85.652 mln, deposit portfolio soared 26.7% to AZN 70.412 mln.

Total capital surged 6.7% to AZN 14.112 mln, as well authorized capital increased by 1.03% to AZN 10.103 mln.

Besides, number of clients increased by 9.6% to 37,851, individuals - 10% to 37,004, legal entities dropped 6.1% to 847.

Remind that, Rabitabank has been in operation since 1993.


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