12:22 - 22.07.2022

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July 22, Fineko/abc.az. The interest income of Rabitabank for the 1st half of 2021 amounted to AZN 25.79 million and for the 1st half of 2022 – AZN 31.58 million (a rise of AZN 5.79 million, or 22.4%).

ABC.AZ reports that bank's non-interest income grew from AZN 13.1 million up to AZN 22.346 million (a rise of AZN 9.235 million, or by 70.4%).

Over Jan-Jun 2022, Rabitabank's operating income reached AZN 53.926 million, operating expenses – AZN 43.628 million, since revenues exceeded expenditures, operating profit amounted to AZN 10.298 million.

The bank allocated target reserves for possible losses in the amount of AZN 5.137 million and closed the 1st half of the year with net profit of AZN 5.16 million.

Over Jan-Jun 2021, the total operating income of Rabitabank totaled AZN 38.9 million, total operating expenses – AZN 26.9 million, operating profit – AZN 11.98 million, allocation of target reserves for possible losses – AZN 7.29 million, net profit – AZN 4.685 million.