Finance

Finance

Rabitabank gets 66% rise in deposit portfolio

29 July 2013 09:49 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of July 1, 2013, Azerbaijan-based Rabitabank’s assets stood at AZN 215.850 mln, up 50.4% from previous year.

Bank says the loan portfolio rose 38.6% to AZN 136.806 mln, including consumer lending made AZN 26.650 mln, down 9.7% compared to a year earlier. At the same time, overdue credits soared 1.7% to AZN 5.970 mln and their share in total loan portfolio dropped 1.6 percentage point to 4.4%.

Deposit portfolio grew 65.9% to AZN 1334.724 mln, including personal savings were equal to AZN 97.963 mln, up 32.6% from 2012.

Total capital doubled to AZN 43.946 mln, as well as authorized capital also doubled to AZN 40.000.

Number of clients rose 30.8% to 54,022, including individuals – 31.9% to 53,429, legal entities slipped 26.8% to 593. Plastic cards made 13,344, up 40.0% in annual comparison. Debit cards surged 20.3% to 8,289, credit cards – 1.9 times to 5,055.

The bank operates 22 branches, 34 ATMs and 580 POS-terminals across the country. Average monthly salary is AZN 836.