Rabitabank's profit sharply reduced

Baku. 20 April. REPORT.AZ/ Rabitabank OJSC has completed the first quarter with a profit of 12 thousand AZN. Report informs, this means a reduction by 83 times in the annual comparison. In the first quarter of last year profit amounted to 998 thousand AZN.

During the reporting period, the bank's income in comparison with the same period in 2015 decreased by 23.4% - up to 11 143 thousand AZN, expenses 17.8% - up to 11 131 thousand AZN.

Interest income decreased by 13.6% - up to 8555 AZN, non-interest income 44.2% - up to 2 587 thousand AZN. At the same time, interest expenses of the bank increased by 32.7% and amounted to 4867 thousand manats, non-interest expenses decreased by 36.6% - to 6 264 thousand manats.