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Rabitabank increases income by 2%

Rabitabank increases income by 2%

21 November 2011 07:22 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. In January-September, 2011, Rabitabank got AZN 884 thousand losses, up 20 times compared to last year.

During the reporting period, total incomes of the bank rose 2.4% to AZN 11.156 mln, interest incomes made AZN 9.911 mln, non-interest incomes â€“ AZN 967 thousand.

Expenses grew by 10.1% to AZN 12.047 mln, interest expenses made AZN 7.301 mln, non-interest expenses â€“ AZN 4.515 mln, PR and marketing expenses reached AZN 56 thousand.

Interest profit of the bank during this period made AZN 2.610 mln, non-interest loss â€“ AZN 3.548 mln.

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

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