Rabitabank`s loan portfolio has increased

12:18 - 26.10.2020


October 26, Fineko/abc.az. Rabitabank has released its financial report for the 3rd quarter of this year.

ABC.AZ reports that Bank's loan portfolio amounted to AZN 394 million for Q3 of 2020. This indicator increased by 8% versus Q3 of 2019.

Positive results are also found in the Bank's deposit portfolio. Thus, the deposit portfolio of individuals, entrepreneurs and legal entities increased by 34.74%, i.e. by AZN 150 million up to AZN 582.3 million. According to the profit and loss statements, during this period Rabitabank's interest income grew by 9.83% (versus 2019) up to AZN 34 million, while non–interest income increased by 36.6% up to AZN 9 million.

In the 3rd quarter the number of Bank's service network also increased. Thus, the Bank opened its 12th in the country and 27th in Baku service point - branch Caspian - in the Caspian Biznes Center of Baku.

 

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