Bank Of Baku

Technikabank’s deposit portfolio rises 17% year-on-year

Technikabank’s deposit portfolio rises 17% year-on-year
# 21 September 2010 13:20 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of September 1, 2010, Azerbaijan-based Technikabank’s assets stood at AZN 468.825 mln, up 2.3% compared with a year ago.

Bank says the deposit portfolio rose 17% to AZN 21.173 mln, loan portfolio increased by 0.5% to AZN 346.132 mln, consumer lending made AZN 36.058 mln. Total capital slipped 0.01% to AZN 59.989 mln, authorized capital gained 29% to AZN 53.865 mln.

Income stood at AZN 43.098 mln, expenditure at AZN 38.633 mln. Profit made AZN 4.465 mln.

Technikabank has been in operation since 1993. The bank operates 35 branches, 58 ATMs and 241 POS-terminals across the country.
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