Rabitabank increases giving of loans to customers


July 22, Fineko/abc.az. Compared with the 1st half of 2018, the total amount of Rabitabank’s loans given to customers increased by 83.158 million or by 31.6% up to AZN 346.5 million as of 30 June 2019.

Bank’s quarterly financial statements says that for the last 12 months Bank’s assets fell by AZN 101.09 million or by 14.2% up to 611.4 million.

The cause of the decline in assets is decrease in liquid assets. As funds on current accounts of customers reduced by AZN 98.348 million or 31.2% to AZN 216.457 million, liquid assets also decreased.

As of 30 June 2019 Rabitabank’s overall capital amounted to AZN 107.8 million.