Bank Of Baku

Technikabank extends deposit portfolio by 41% year-on-year

Technikabank extends deposit portfolio by 41% year-on-year
# 13 December 2010 11:27 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of December 1, 2010, Azerbaijan-based Technikabank’s assets stood at AZN 486.530 mln, up 4.7% compared to a year ago.

Bank says the deposit portfolio rose 41% to AZN 239.916 mln, loan portfolio soared 6.7% to AZN 367.783 mln, including consumer lending made AZN 27.773 mln.

At the same time, total capital surged 11.25% to AZN 64.752 mln, including authorized capital climbed 29% to AZN 53.685 mln.

Income made AZN 57.468 mln, expenditure – AZN 48.232 mln. As the result, profit stood at AZN 9.236 mln.

Technikabank has been in existence since 1993. The bank operates 35 branches, 60 ATMs and 150 POS-terminals across the country.
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