BAKU, Azerbaijan, January 23. The total liabilities of Azerbaijan's Rabitabank decreased by 8.17 percent in the fourth quarter of 2022 compared to the same period in 2021, Trend reports via the bank's balance sheet.
According to the report, the bank's total liabilities decreased by 75.05 million manat ($44.15 million) on an annual basis, totaling 843.3 million manat ($496 million)
A significant share (71.92 percent) in the structure of the bank's liabilities was made by deposits, which decreased by 16.24 percent over the year - up to 607 million manat ($357 million).
The bank's liabilities to credit and other financial institutions amounted to 193.1 million manat ($113.5 million).
The bank's liabilities to the Central Bank decreased by 33.3 percent and amounted to 2.2 million manat ($1.29 million).
The capital stock of the bank equaled 101.3 million manat ($59.59 million) in 2022, remaining unchanged.
Rabitabank's total reserves reached 9.4 million manat ($5.53 million) increasing by 36.07 percent on an annual basis.
The bank's total capital equaled 111.5 million manat ($65.59 million) in the fourth quarter of 2022.