Annual profit reduced in Rabitabank

Baku. 30 January. REPORT.AZ/ For 2014 profit of Rabitabank OJSC Azerbaijan decreased by 5.19% to 3,319 mln. manats.

Report informs referring to the bank, for the financial year income of the bank rose by 77.07% and made 52,544 mln manats.Interest income of the bank rose by 94.80% and made 45,563mln manats, non-interest income - by 11.08% and made 6.981 mln manats.

During the reporting period, expenses increased by 82.94% to 48,231 mln manats.

Interest expenses increased by 24.97% to 12,759 mln manats, non-interest expenses increased 2-fold, reaching 35,471 mln manats.

Thus, over the past year interest income of Rabitaban totaled 32,803 mln manats which is 2.5 times more than in 2013 year.Non-interest loss of the bank grew at an annual 2.9 times in annual performance and amounted to 28.490 mln manats.