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Finance

Rabitabank increases financial performances

25 October 2013 11:53 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of October 1, 2013, Azerbaijan-based Rabitabank’s assets stood at AZN 262.597 mln, up 77.2% from previous year.

Bank says the loan portfolio soared 50.5% to AZN 155.910 mln, as well as consumer lending made AZN 64.317 mln, up 2.1 times from 2012. Overdue credits dropped 3.0% to AZN 5.760 mln and made 3.7% of total loan portfolio falling 2.0 percentage points.

Deposit portfolio soared 52.9% to AZN 179.520 mln, including persona savings were equal to AZN 103.105 mln, up 42.0% by contrast to a year earlier.

Bank’s total capital increased by 1.9 times to AZN 50.551 mln, including authorized capital rose 2.1 times to AZN 45.500 mln.

Number of clients fell 1.5% to 64,890, as well as individuals dropped 0.9% to 64m286, juridical persons dipped 36.2% to 604. Plastic cards made 16,160, up 65.3% in annual comparison. Debit cards grew 60.6% to 11,435, credit cards climbed 74.0% to 4,725.

Currently, the bank operates 22 branches, 36 ATMs and 575 POS-terminals across the country.

İDMAN XƏBƏR

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