01 May 2013

Rabitabank increased allits indicators in quarter one

“Rabitabank” OJSC successfully completed Q1 2013. The bank carried out new campaigns, financed several projects as a partner of small and medium-sized enterprises and improved its indicators by suggesting high quality products to the population from the beginning of the year.
According to the indicators for the 1st day of April assets of Rabitabank was AZN 194 million. Assets increased 37 million or 24% in comparison with the beginning of the year.

Profit before tax of Rabitabank exceeded AZN 324 thousand in the end of the Q1. This indicator increased AZN 129 thousand or 66% in comparison with the corresponding period of the previous year.
Loan portfolio of the bank was AZN 110 million in the end of the three-month period and this denotes 4% growth in comparison with the beginning of the year.
Deposit portfolio of the bank was AZN 128 million on the 1st day of April. 35 million or 39% growth was observed in the deposit portfolio in comparison with the beginning of the year.

Capital of the bank increased 23% and reached to AZN 44.4 million from the beginning of the year till April 1, 2013.

Authorized capital of the bank was AZN 40 million on April 1, 2013. This indicator increased AZN 10 million from the beginning of the year.

20 divisions and branches of Rabitabank covering Baku and regions operated during the mentioned period. Changes were made in the MB team of Rabitabank in the first month of the year and internationally experienced banker Nikoloz Shurgaia was appointed Chairman of the Management Board.

“Rabitabank” OJSC, celebrating its 20th anniversary this year, is going to carry out several advantageous campaigns for the population and businessmen. 8th of March – discount campaign was successfully implemented in March of this year.


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