Bank Of Baku

Rabitabank sees rise in personal savings

Rabitabank sees rise in personal savings
# 22 October 2014 10:47 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. Rabitabank’s assets in the third quarter of 2014 made AZN 260.452 mln, down 0.85% from previous year.

 

Bank says the loan portfolio rose 28.13% to AZN 199.771 mln, consumer lending raised 9.34% to AZN 70.327 mln. Overdue credits surged 50.57% to AZN 8.673 mln.

 

Deposit portfolio dropped 4.45% to AZN 171.528 mln, personal savings surged 27.57% to AZN 131.535 mln. Total capital increased 6.33% to AZN 53,750,000, while the authorized capital remained unchanged at AZN 45,500,000.

 

Incomes grew 2.01 times to AZN 41.285 mln, expenditures – 2.04 times to AZN 38.037 mln.

 

Profit stood at AZN 3,249,000.

 

The bank operates 24 branches, 46 ATMs and 448 POS-terminals across the country.

 

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