Rabitabank Announces Financial Results for Q1 2026

Rabitabank has announced its financial results for the first quarter of 2026.

According to the results, the bank has maintained its growth momentum across key indicators. During the first three months of 2026, Rabitabank’s interest income increased by 23% compared to the same period last year, reaching 38 million 292 thousand manats, while non-interest income rose by 16.8% to exceed 11 million 101 thousand manats. Over the quarter, the Bank generated a net profit of 5.1 million manats, representing a 9.4% increase compared to the corresponding period of the previous year. The Bank’s total assets grew by 16.4% year-on-year, reaching 1 billion 395 million 269 thousand manats.

Growth Dynamics in the Loan Portfolio

In line with its strategic objectives during the reporting period, the Bank significantly increased the volume of business loans, continuing to raise their share in the overall loan portfolio. The Bank’s total loan portfolio expanded by 8% compared to the same period last year, reaching 944 million 275 thousand manats.

The majority of the loan portfolio consists of business loans. Compared to the same period last year, the business loan portfolio increased by 3.6% to 417 million 583 thousand manats. Meanwhile, the consumer loan portfolio grew by 12% to 340 million 545 thousand manats, and mortgage loans rose by 11.7% to 186 million 147 thousand manats.

Positive Results in the Deposit Portfolio

The Bank’s deposit portfolio has also maintained a positive growth trend. Total deposits increased by 21.2% compared to the same period last year, reaching 836 million 293 thousand manats. Notably, deposits from individual customers showed significant growth, rising by 32.7% to 622 million 846 thousand manats, reflecting increased customer trust in the Bank.

Currently, “Rabitabank” OJSC provides a wide range of modern banking services through 31 service points across 19 regions and the city of Baku, along with 78 ATMs, the “Rabita Mobile” app, Internet Banking platform, “Rabita Business” app, “RabitaBot” chatbot, and its Call Center (133).