28 June 2013
Rabitabank selebrate 20 years anniversary
Rabitabank celebrates its 20th anniversary on June, 30. The bank founded in 1993 is one of the leading lenders to micro and small enterprises of Azerbaijan. Rabitabank also provides universal banking services to individuals, privately owned medium size businesses as well as companies in its traditional communications and natural resources sectors.
The bank has expanded its network to Baku and 15 regions of Azerbaijan. It provides services via 20 branches and 2 divisions. Two branches, in Baku Narimanov region and city of Agsu were launched in 2013. Over 450 experienced and qualified staff members serve 50,000 companies and individual clients.
Rabitabank has entered a new stage of its development in the jubilee year. Total assets of the bank as of May 31, 2013 have expanded 33% from the beginning of the year (AZN 290 million), loans to clients – 17% (AZN 122 m.), deposits – 57% (AZN 137 m.) shareholders’ equity – 32% (AZN 45 m.). The bank is poised to further increase its capital to over AZN 55 million and report record of profits and balance sheet growth in H1 2013.
Rabitabank shareholders, management and all staff look forward to further expanding the bank’s branch network, broadening and improving services provided to the clients, deepening relations with the international partners and expanding its contribution to the community of Azerbaijan.