Bank Of Baku

Rabitabank gets profit in third quarter

Rabitabank gets profit in third quarter
# 23 October 2015 12:55 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. Rabitabank’s assets in the third quarter of 2015 made AZN 349.899 mln, up 34.34% from previous year.

 

Bank says the loan portfolio rose 8.13% to AZN 216.020 mln, overdue credits raised 30.55% to AZN 11.323 mln (5.24% of loan portfolio), deposit portfolio increased 26.31% to AZN 216.655 mln, personal savings grew 20.23% to AZN 158.145 mln.

 

Total capital ascended 20.3% to AZN 64.715 mln, while authorized capital went up 6.58% to AZN 48.500 mln.

 

Incomes fell 11.36% to AZN 36.593 mln, expenditures dropped 12.02% to AZN 33.468 mln.

 

Profit made AZN 3.124 mln.

 

The bank operates 24 branches, 49 ATMs and 413 POS-terminals across the country.

 

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