Bank Of Baku

Texnikabank gets 7% rise in assets

Texnikabank gets 7% rise in assets
# 16 February 2010 10:20 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As at February 1, Azerbaijan-based Texnikabank posted its assets at AZN 459.08 million, up 6.78% from a year ago.

The Return on Assets reached 2.21% for January-November.
Loon book increased by 3.34% to AZN 349.63 million, deposit portfolio rose by 17.07% to AZN 175.7 million, while the number of plastic cards grew by 2.85% to 44 586 and private deposits made by 12.42% to AZN 86.82 million.

Total equity capital stood at AZN 59.65 million, up 8.39% from a year ago and authorized capital grew by 54.99% to AZN 41.7 million.

During this period the number of installed ATMs rose by 21.28% to 57 and POS Terminals by 4.24% to 344.

Texnikabank was established in 1993 and operates 35 branches across the country.
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