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Texnikabank gets 9% rise in assets

Texnikabank gets 9% rise in assets

18 November 2009 15:56 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As at November 1, Azerbaijan-based Texnikabank posted its assets at AZN 447.6 million, up 9.1% from a year ago.

The Return on Assets reached 2.16% for this period.

Lending portfolio increased by 14% to AZN 344.6 million, deposit portfolio reached AZN 153 million.

Personal deposits made AZN 102.2 million and term deposits AZN 83.3 million.

Consumer loans reached AZN 46.3 million.

Total equity capital stood at AZN 57.9 million, up 12.2% from a year ago.
The bankâ€™s paid-up capital stood at AZN 41.7 million, and Return on Equity reached 17.7%.

Revenue grew by 10.4% or AZN 5.1 million to AZN 54.5 million. Interest incomes made AZNM 45.1 million and non-interesat incomes AZN 9.4 million.

The bank earned AZN 9.7 million in profit for January-October.

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