Baku, Azerbaijan, April 22
By Emin Aliyev - Trend:
As of January 1, 2014, the volume of loans and advances issued by Azerbaijani Rabitabank to the financial sector amounted to 21.59 million manat. The volume of loans and advances issued to the customers of the bank amounted to 161.06 million manat, according to the company's balance sheet for 2013.
The total amount of assets amounted to 252.48 million manat as of late 2013. Some 10.49 million manat fell to the cash, 33.93 million manat - investments in securities, 10.4 million manat - interest-bearing liabilities, seven million manat - fixed assets, 0.094 million manat - intangible assets, 2.8 million manat - other assets.
There are 0.176 million manat and 4.93 million manat on the correspondent accounts and mandatory reserve funds established in accordance with the requirements of the Central Bank of Azerbaijan (CBA).
The total volume of the bank's liabilities hit 199.76 million manat as of early 2014. Some 167.29 million manat fell to the customers' deposits, 18.7 million manat - liabilities to the financial sector, seven million manat - the CBA requirements to the bank, 3.9 million manat - interest-bearing liabilities, 2.87 million manat - other liabilities.
Some 93.29 million manat fell to fixed deposits, 74 million manat - demand deposits.
The company's share capital was 45.5 million manat, general reserves - 6.92 million manat, total capital - 52.72 million manat as of late 2013.
The bank's net interest income hit 13.18 million manat, net operating costs - 5.16 million manat, other net income - 13,000 manat in 2013. The bank ended the year with a profit of 2.39 million manat.
The bank's commitments amounted to 15.87 million manat as of late 2013. Some 4.91 million manat fell to the guarantees and similar commitments, 10.96 million manat - credit instruments.
Rabitabank is a commercial bank, operating since 1993.
The official exchange rate is 0.7843 AZN/USD on April 22.
Translated by NH
Edited by CN