Bank Of Baku

Texnikabank gets 25% rise in assets

Texnikabank gets 25% rise in assets
# 07 September 2009 10:54 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As at September 1, Azerbaijan-based Texnikabank posted its assets at AZN 458.35 million, up 25% from January 1.

Lending portfolio increased by 8.5% to AZN 345 million, deposit portfolio rose by 3.7% to AZN 180.5 million, personal savings rose by 2.7% and corporate deposits went up by 4.9%.

Corporate term deposits tripled to AZN 25 million.
Total equity capital stood at AZN 71.7 million and paid-up capital at AZN 41.7 million.

The bank earned AZN 9.5 million in profit for January-August.

Texnikabank has been in operation since 1993. It operates 16 branches across the country.
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