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-
Economics
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Azerbaijan's state oil company SOCAR announced plans on November 15 to issue green bonds in the Azerbaijani financial market to support environmentally sustainable projects.
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The State Oil Company of Azerbaijan Republic (SOCAR) on Friday signed a memorandum of understanding (MoU) with Masdar of the United Arab Emirates and ACWA Power of Saudi Arabia to develop a network of offshore wind farms with a total capacity of 3.5 gigawatts in the Azerbaijani sector of the Caspian Sea.
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Russian delegates at the COP 29 climate summit have reaffirmed their commitment to upholding the principles of the UN Framework Convention on Climate Change (UNFCCC) and the Paris Agreement. The Russian Federation stressed the importance of adhering to the principle of "common but differentiated responsibilities," arguing that developed nations must continue to honor their commitments to climate finance, while allowing developing countries to contribute on a voluntary basis.
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