Bank Of Baku

Technikabank 34% increases deposit portfolio year-on-year

Technikabank 34% increases deposit portfolio year-on-year
# 19 April 2010 09:34 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, 2010, Azerbaijan-based Technikabank posted its assets at AZN 452,621 million, up 4.9% from a year ago.

The bank said deposit portfolio rose 33.8% to AZN 173.671 million, loan portfolio rose 4.2% to AZN 348.798 million including of consumption loans are AZN 37.525 million. Total equity capital went up 1.1% to AZN 58.447 million and authorized capital rose by twice to AZN 53.685 million.

Total revenues were AZN 16.550 million and expenditures were AZN 15.846. Profit stayed at AZN 0.704 million.

The bank established 10 ATMs and 7 POS terminal. The number of staff members increased 5.6% to 608.

Established in 1993, Technikabank operates 35 branches, 57 ATMs and 345 POS terminals across the country.
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