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Rabitabank gets 50% rise in deposit portfolio

30 May 2013 07:54 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of April 1, 2013, Azerbaijan-based Rabitabank’s assets stood at AZN 193.789 mln, up 37.3% from previous year.

Bank says loan portfolio rose 22.6% to AZN 114.386 mln, consumer lending made AZN 40.448 mln, up 57.0% compared to a year earlier. At the same time, overdue credits dropped 4.5% to 5.694 mln and its share in total loan portfolio slipped 1.4 percentage points to 5.0%.

Deposit portfolio increased by 49.1% to AZN 119.344 mln, as well as personal savings were equal to AZN 80.085 mln, up 10.3% in annual comparison.

Total capital grew 2.7 times to AZN 43.139 mln, including authorized capital tripled to AZN 40.000 mln.

Number of clients gained 15.8% to settle at 52,749, as well as individuals rose 15.9% to 51,943, legal entities slid 1.2% to 806. Plastic cards made 11,997, up 31.9% compared with 2012, including debit cards increased by 27.3% to 8,380, credit cards – 44.0% to 3,617.

For the present, the bank operates 18 branches, 32 ATMs, 602 POS-terminals across the country.. Average monthly salary is AZN 787.