JSC Rabitabank growth in assets in 2012 by 25.51 million or 19.4%, improved to 156.74 million manat. Lending to individuals and businesses increased by 15.3 million or 17.1% amounting to 105.45 million manat.
The total liabilities of the bank increased from 114.02 million to 122.74 million manat. The deposit portfolio increased by 7.62 million or 9.9%, reaching 84.47 million manat, including term client investments that increased by 3.7% to 64.19 million manat.
The balance capital reached 33.99 million manat. The aggregate capital increased by AZN 16.22 million or 97% to 32.91 million manat, and the paid charter capital - by 16.5 million or 2.2 times to AZN 30 mln.
The bank's earnings were equal to 18.49 million manat and the expenditures were AZN 18.3 million, an increase compared to 2011, respectively, 22.5% and 10.2%. The net profit after tax for the year amounted to 53,300 manat. -15B-
Economics
-
On January 11, Serbian President Aleksandar Vučić announced that Azerbaijan had notified Serbia about the suspension of daily gas supplies amounting to 1.7 million cubic meters due to technical problems at the Shah Deniz field.
-
The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
-
Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
-
Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
Leave a review