BAKU, Azerbaijan, January 23. Total assets of Azerbaijan’s Rabitabank decreased by 6.18 percent in the fourth quarter of 2022 compared to the same period in 2021, Trend reports citing the bank's balance sheet.
According to the report, the bank's total assets decreased by 62.8 million manat ($36.94 million) over the year - to 954.9 million manat ($561.7 million). The largest share (63.96 percent) in their structure accounted for the loan portfolio, which grew by 28.89 percent over the year to 610.8 million manat ($359.2 million).
About 12.81 percent of Rabitabank’s total assets in the fourth quarter of 2022 were cash and its equivalents - 122.3 million manat ($71.9 million).
Another 12.34 percent of the bank's assets were investments in securities - 117.9 million manat ($69.3 million).
Bank’s other assets amounted to 60.3 million manat ($35.4 million) in the fourth quarter of 2022.