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Rabitabank closes 2015 having AZN 2.3 mln profit

Rabitabank closes 2015 having AZN 2.3 mln profit

19 January 2016 12:05 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of January 1, 2016, Rabitabank’s assets stood at AZN 450.731 mln, up 47.75% in annual comparison.

Bank says the loan portfolio rose 1.91% to AZN 233.457 mln, overdue credits surged 38.32% to AZN 13.933 mln, deposit portfolio soared 58.44% to AZN 308.342 mln, total capital advanced 19.12% to AZN 67,247,000, authorized capital remained unchanged at AZN 48.5 mln.

Revenues grew 0.9% to AZN 53.018 mln, expenditures dropped 29.8% to AZN 18.515 mln.

Profit amounted to AZN 2,323,000.

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