Assets of Rabitabank grew by 34% this year

Baku. 30 October. Rabitabank OJSC REPORT.AZ/ assets compared with the same period last year increased by 34.34% and as of October 1 amounted to 349.9 million manats.

Report informs referring to the bank, during the reporting period, the loan portfolio grew by 8.13% and 1 October totaled 216.0 mln. manats. The national currency issued 66.6% of loans. It should be noted that loans in foreign currency grew 2.4 times in foreign currency decreased by 15% and amounted to 72.2 and 143.8 million manats.

The deposit portfolio of the bank grew by 26.31% - up to 216.7 million manats. 73.5% of them are foreign currency deposits, which during this period increased by 3.7 times and amounted to 159.3 million manats. Deposits in national currency decreased by 55.2% - to 57.4 mln. AZN.

The volume of household deposits grew at an annual rate of 20.2% on October 1, 2015 amounted to 158.2 million manats. Of these, 17.4% or 27.5 million manats placed in the national currency, 82.6% or 130 600 000 manats - in foreign currency. The volume of deposits in national currency decreased by 72.3%, in foreign currency increased by 4.1 times.

On October 1, 2015 the authorized capital of the bank amounted to 48.5 million manats, total capital - 64.7 million manats.