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Texnikabank gets 18% rise in assets

Texnikabank gets 18% rise in assets

15 December 2009 17:00 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As at December 1, Azerbaijan-based Texnikabank posted its assets at AZN 464.7 million, up 17.5% from a year ago.

The Return on Assets reached 2.21% for January-November.

Loon book increased by 11.3% to AZN 327.3 million, deposit portfolio rose by 15% to AZN 170.6 million.

Consumer lending reached AZN 40.5 million and private deposits made AZN 85.5 million.

Total equity capital stood at AZN 58.2 million, up 12.9% from a year ago.
The bankâ€™s paid-up capital stood at AZN 41.7 million, and Return on Equity reached 18.1%.

Revenue grew by 8.0% to AZN 58.8 million. Interest incomes made AZN 48.7 million and non-interest incomes AZN 10.1 million.

The bank achieved 2.6% rise in profit to AZN 9.9 million for January-November.

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