Rabitabank directs AZN 2.8 million for reserves on possible losses

16:27 - 24.10.2022

October 24, Fineko/abc.az. Rabitabank has published a report on the completion of the Jan-Sept period of 2022 with net profit of AZN 12.676 million.

ABC.AZ reports that over the past months of the year the bank directed AZN 2.833 million from operating profit to target reserves created for possible losses.

For Jan-Sept 2021 Rabitabank's total operating income amounted to AZN 60.368 million, total operating expenses AZN 43.98 million, operating profit AZN 16.387 million. The Bank directed AZN 9.76 million from operating profit to target reserves created for possible losses.