Rabitabank has released financial results for 2024

15:31 - 14.10.2024


October 14, Fineko/abc.az. Rabitabank OJSC has announced the financial results for Jan-Sept 2024.

ABC.AZ reports that a press release issued by the bank says that the bank maintains growth dynamics in key indicators. Thus, in the first 9 months of 2024, Rabitabank received 19.18 million manats of net profit.

In the 3rd quarter of 2024, bank's assets increased by 12% and reached 1.129 billion manats.

The bank's loan portfolio increased by 16% compared with the same term of 2023. As a result, the total loan portfolio increased to 813.875 million manats.

The main part of the loan portfolio consists of business loans. Thus, the portfolio of business loans increased by 13% up to 379.37 million manats, including consumer loans by 17% up to 281.725 million manats, mortgage loans by 22% up to 152.779 million manats.

In the first 9 months of 2024, total deposits in Rabitabank grew by 9% up to 689.7 million manats. Deposits of individuals increased by 21% and reached 458.758 million manats.

The bank's interest income increased by 28% versus Jan-Sept 2024 up to 83.83 million manats. And non-interest income grew by 18% up to 41.17 million manats.

The total capital of Rabitabank increased by 10% compared with Jan-Sept 2023 up to 128.336 million manats.