Bank Of Baku

Technikabank sees 15% rise in deposit portfolio

Technikabank sees 15% rise in deposit portfolio
# 15 July 2010 15:20 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, 2010, Azerbaijan-based bank Technikabank’s assets stood at AZN 452.783 mln, down 2.5% compared with 2009.

Bank says the deposit portfolio rose by 15.4% to AZN 187.112 mln, loan portfolio surged 0.6% to AZN 348.911 mln, consumer lending made AZN 37.380 mln.

Total capital decreased by 3.4% to AZN 58.044 mln, authorized capital approximately doubled to AZN 53.685 mln.

Revenue stood at AZN 33.490 mln, expenditure at AZN 31.707 mln. Bank’s profit made AZN 1.782 mln. At the same time, bank established 10 ATMs and 9 POS-terminals,. Staffs rose by 7% to 627.

Technikabank has been in operation since 1993. The bank operates 35 branches, 58 ATMs and 349 POS-terminals across the country.
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