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Rabitabank to open a branch in February

Rabitabank to open a branch in February

08 January 2009 15:00 (UTC +04:00)

Baku. Elnur Huseynguliyevâ€“ APA-Economics. Azerbaijanâ€™s Rabitabank plans to open a branch in Aghjabadi in February, to bring the number of its branches to 19, said Elchin Gadimov, Chairman of the Bank.
He added that necessary paperwork has been sent to the National Bank of Azerbaijan for a license.
As at October 1, Rabitabankâ€™s assets stood at AZN 96.571 million, loan portfolio at AZN 72.504 million, deposit portfolio at AZN 79.342 million, total capital at AZN 12.361 million and authorized capital at AZN 8 million. It has 18 branches, 15 exchange bureaus, 21 ATMs and 84 POS terminals.
Rabitabank has been in operation since 1993.

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