Azerbaijan’s Rabitabank increases assets
Baku, Azerbaijan, Apr. 22
By Anvar Mammadov - Trend:
The assets of Azerbaijan's Rabitabank amounted to 450.73 million Azerbaijani manats in 2015, which is by 47.8 percent exceeds the same indicator of 2014, said the bank's financial statement.
The official exchange rate is 1.5074 AZN/USD as of Apr. 22.
Rabitabank's assets totaled 305.05 million manats in 2014.
The main part of the bank's assets (47.6 percent, or 224.83 million manats) accounted for client loans and advances in 2015, about 102.29 million manats (22.7 percent) - for funds placed in the financial sector, 13.03 million manats (2.9 percent) - for investments and securities.
The bank's authorized capital amounted to 48.5 million manats in 2015, aggregate capital - to 61.05 million manats.
Rabitabank operates since 1993 and has 23 branches in Azerbaijan.
Edited by SI
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