“Rabitabank” announced its financial performance for the first half of 2022. The bank gained a profit of AZN 5.2 million for 6 months. This is up by 10.2% from the same period of the last year.

“Rabitabank” gained an interest income of AZN 31.6 million, non-interest income of 22.3 million AZN, interest expenses of 8.9 million AZN, non-interest expenses of 34.8 million AZN, special provisions for overdue loans amounted to 5.1 million AZN.

At the beginning of July this year “Rabitabank”s assets amounted to 30.9% more – AZN 965.2 million than at the beginning of July last year, including net loan portfolio by 26.4% more – AZN 520.9 million. The bank’s liabilities made up AZN 860.6 million (35.6% up), including the deposit portfolio – AZN 645.1 million (40.5% up), balance sheet capital – AZN 104.6 million (2.2% up), including authorized capital – AZN 101.3 million (no change).

Source: Turan News Agency