Rabitabank sees sharp rise in interest profit

Rabitabank sees sharp rise in interest profit
# 13 February 2013 07:03 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. In 2012, Azerbaijan’s Rabitabank gained AZN 18.485 mln-income (+22.1%). During the reporting period, expenses grew by 12.1% to AZN 18.302 mln.

Last year, Rabitabank got AZN 183.500-profit.

Note that, interest incomes of the bank made AZN 15.805 mln, non-interest incomes – AZN 2.680 mln, interest expenses – AZN 9.433 mln, non-interest expenses – AZN 8.869 mln. Consequently, at the end of 2012, bank’s interest profit grew by 2.1 times, non-interest loss – by 27.0%.

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