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Technikabank posts 17% year-on-year rise in assets

Technikabank posts 17% year-on-year rise in assets

14 May 2009 16:18 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of May 1, Azerbaijan-based Technikabank posted its assets at AZN 444.9 million, up 17.4% from a year ago.

The bank said loan portfolio made AZN 343.8 million and consumer loans lent to individuals reached AZN 60.1 million, up 8% from a year ago.

Deposit portfolio grew by 4.9% in April to AZN 136.1 million. Personal deposits increased by 7.4% to AZN 80.8 million.

The number of lastic cards increased by 16% during April to 48 400.

Established in 1993, Technikabank operates 35 branches across the country.

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