Rabitabank continues to operate on profit

Baku. 12 October. REPORT.AZ/ As of October 1, 2018 Rabitabank’s assets stood at AZN 656,158,000, down 10% from the previous year, Report informs.

Bank says the loan portfolio increased by 47% to AZN 292,020,000, liabilities declined by 12% to AZN 569,169,000, customers’ current accounts fell 24% to AZN 277,945,000, term deposits grew by 7% to AZN 212,447,000.

The authorized capital made up AZN 101,300,000 and total capital AZN 86,989,000.

Bank’s profit in the reporting period amounted to AZN 476,000, down 26% in comparison with 2017. Interest incomes amounted to AZN 26,176,000, non-interest incomes - to AZN 7,199,000, interest expenditures – to AZN 10,111,000, non-interest expenditures – to AZN 5,251,000.