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Commitments of Rabitabank Increased by Half at Narrowing Loan Portfolio
The assets of Rabitabank by October 1 amounted to 349 million. 899 thousand manats (+ 14.7% YTD) while almost by half (+ 41.6%) grew up liabilities, including long-term ones, - up to 288 million 213 thousand manats.
According to the report, the loan portfolio for the first three quarters narrowed by 9.4% to $ 199 million 26 thousand manats, but almost as much (+ 9.8%) increased its deposit accounts - up to 167 million 36 thousand manats.
Equity capital last month was at the level of 61 million 686 thousand AZN (+5.5%) at constant from last year authorized capital of 48.5 million AZN.
During the reporting period, the bank received a net profit of 3 million 214 thousand manats.
JSC Rabitabank was founded in 1993. Its shareholders are 19 legal entities and individuals. The head of the Supervisory Board is Zaur Nuriyev and the Chairman of the Board is Elchin Gadimov. --17D-
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