15.03.07
Rabitabank raises assets 55% year-on-year
Rabitabank raises assets 55% year-on-year
Azerbaijan's Rabitabank has raised its assets by 55.3%, year-over-year, during January-September to AZN 68.898 million as of October 1.
The bank said loan portfolio rose 38.7% to AZN 40.352 million, deposit portfolio increased 70.2% to AZN 54.801 million, aggregate capital jumped 25.4% to AZN 10.426 million and authorized capital went 20.3% up to Zn 7 million.
Revenues for January-September period increased 57% to AZN 5.921 million and expenditures rose 63.3% to AZN 5.136 million.
The bank's profit leaped 24.6%, year-over-year, to AZN 785,000.
Established in 1993, Rabitabank succeeded to be one of the top banks in Azerbaijan. Rabitabank has 14 branches, of which 5 are located in Baku.
Rabitabankın Bakı şəhərində 6, regionlarında 13 filialı, 21 bankomatı var.