Rabitabank OJSC increases car loans

Baku. 15 May. REPORT.AZ/ Rabitabank's assets grew year on year by 19.32% on April 1, 2015 amounted to 322.3 mln manats.Report informs referring to the bank in the structure of assets the share of cash accounts 17.6 mln manats (5.46%), including in foreign currency - 5.6 mln manats (1.74%).

According to the report, the loan portfolio increased compared to the same period last year to 26.44% and on April 1 reached 231.6 mln manats, of which 23% - in foreign currency, 77% - in the national currency.

There is a decline in consumer lending over the same period last year.Thus, consumer loans declined by 5.7% to 84.5 mln manats.

The volume of car loans increased by 2.5 times and amounted to 8.5 mln manats.

The volume of overdue loans in total loan portfolio amounted to 4.8%, or 11.1 mln manats.

Report informs, an increase in the volume of overdue loans at 54.68% observed compared to the same period last year.Specific weight of problem loans in total loan portfolio was equal to 3.9% in the same period last year.

The deposit portfolio increased by 13.84% compared to the same period last year and on April 1 amounted to 213 mln manats. Of these, the share of deposits in foreign currency amounted to 103.3 mln manats (48.5%), in national currency - 109.6 manats (51.5%).

The volume of household deposits also grew by 31.7% compared to the same period last year and amounted to 163.3 mln manats. Of these, 80.4 million manats (49.2%) allocated in the national currency, 82.9 mln manats (50.8%) - in foreign currency. The volume of deposits in the national currency as compared to the same period last year decreased by 15.2%, in foreign currency - has increased 2.85 times.

On April 1, 2015 the authorized capital of Rabitabank amounted to 48.5 mln manats, total capital - 59.6 mln. manats.