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15.03.07

Rabitabank completes flotation of $5 million bonds in Latvia

Azerbaijan's Rabitabank has completed flotation of book-entry, interest-bearing and unsecured bonds on Latvian market.
The bank said the total amount of the issue was $5 million, the maturity period was 3 years and annual yield 13.5%.
The floatation was organized by Parex Bank (Latvia).

As of October 1, Rabitrabank's assets stood at AZN 68.898 million, loan portfolio at AZN 40.352, deposit portfolio at AZN 54.801, aggregate capital at AZN 10.426 and authorized capital at AZN 7 million. has 15 branches, of which 5 are located in Baku.
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Rabitabankın Bakı şəhərində 6, regionlarında 13 filialı, 21 bankomatı var.

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