Bank Of Baku

Rabitabank gets profit in Q1

 Rabitabank gets profit in Q1
# 14 April 2016 15:48 (UTC +04:00)

Baku - APA-Economics. In the first quarter of 2016, Rabitabank OJSC’s assets increased 32.84% to AZN 428.161 mln.

 

The loan portfolio dropped 12.7% to AZN 190.469 mln, overdue credits surged 14.43% or AZN 1.604 mln to AZN 12.718 mln (share in loan portfolio – 6.1%).

 

Liquid assets advanced 2.66 times to AZN 172.855 mln. The bank invested AZN 12.645 mln in securities.

 

Liabilities soared 14.91% to AZN 370.124 mln, term deposits stood at AZN 209.685 mln.

 

Authorized capital remained unchanged at AZN 48.5 mln, while total capital slid 2.57% to AZN 58.037 mln.

 

Profit amounted to AZN 12,000. 

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