Bank Of Baku

Technikabank sees 45% rise in deposit portfolio

Technikabank sees 45% rise in deposit portfolio
# 18 November 2010 08:50 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of November 1, 2010, Azerbaijan-based Technikabank’s assets stood at AZN 470.239 mln, up 5.1% compared with a year ago.

Bank says the deposit portfolio extended 45% to AZN 222.382 mln, loan portfolio rose 6% to AZN 365.192 mln, consumer lending reached AZN 37.043 mln.

At the same time, total capital increased by 8.4% to AZN 62.747 mln, authorized capital by 29% to AZN 53.685 mln.

Note that, total income made AZN 51.013 mln, expenditure was AZN 44.115 mln. Profit stood at AZN 6.897 mln. Staffs soared 4% to 624.

Technikabak has been in operation since 1993. The bank operates 35 branches, 60 ATMs and 172 POS-terminals across the country.
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