Bank Of Baku

Technikabank sees 5% rise in assets

Technikabank sees 5% rise in assets
# 18 October 2010 09:48 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Technikabank’s assets stood at AZN 472.940 mln, up 5.1% compared with a year ago.

Bank says the deposit portfolio was AZN 219.202 mln, loan portfolio AZN 318.294 mln and consumer lendin made AZN 31.629 mln.

Total capital rose 6% to AZ 63.744 mln, including authorized capital increased by 29% to AZN 53.685 mln.

Total income made AZN 46.416 mln, expenditure was AZN 38.208 mln. Profit stood at AZN 8.208 mln.

Technikabank has been in operation since 1993. The bank operates 35 branches, 48 ATMs and 341 POS-terminals across the country.
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