The assets of the local Rabitabank for the year rose to 305 million 54 thousand manat (+ 20.8% from 1 January 2013).
The bank's loan portfolio at the beginning of this year amounted to 219 million 781 thousand manat (+ 36.5%), with deposits on the level of 152 million 295 thousand manat (+ 37.98%).
Liabilities of the bank are equal to 241 million 575 thousand manat (+ 20.9%). The shareholders' equity as of 1 January was 58 million 479 thousand manat with charter capital of 48.5 million manat (+ 6.6%).
Net profit of Rabitabank at the end of last year amounted to 3 million 139 thousand manat.
JSC Rabitabank established in 1993. The shareholders are 20 legal entities and individuals. --17D-
Economics
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Azerbaijan President Ilham Aliyev has signed a decree to strengthen social protection for pensioners by implementing pension indexation, effective from January 1, 2025.
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The Italian government has extended the deadline for applications in the international tender for the sale of several strategic assets until February 14, confirming that a bidder from Azerbaijan remains among the frontrunners.
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An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
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On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
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