Bank Of Baku

Rabitabank gets 24% rise in assets

Rabitabank gets 24% rise in assets
# 17 July 2014 13:23 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Rabitabank’s assets during eh second quarter of 2014 stood at AZN 268.388 mln, up 24.34% from previous year.

 

Bank says the loan portfolio rose 42.81% to AZN 195.370 mln, consumer lending made AZN 100.305 mln, up 45.1% by contrast to a year earlier.

 

The overdue credits soared 44.4% to AZN 8.623 mln. Deposit portfolio grew 34.7% to AZN 181.472 mln, personal savings were equal to AZN 129.302 mln, up 32% in annual comparison.

 

Total capital increased by 19.6% to AZN 52,578,000, the authorized capital gained 13.75% to AZN 45,500,000.

 

Incomes and expenditures rose 2.5 times to AZN 30.766 mln and 28,613,000.

 

Profit amounted to AZN 2,153,000.

 

The bank operates 24 branches, 44 ATMs and 460 POS-terminals across the country. 

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