Bank Of Baku

Technikabank gets 41% rise in deposit portfolio

Technikabank gets 41% rise in deposit portfolio
# 10 February 2011 10:03 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2011, Azerbaijan-based Technikabank’s assets stood at AZN 496.880 mln, up 8.2% from year earlier.

Bank says deposit portfolio soared 41% to AZN 247.061 mln, loan portfolio increased by 5.3% to AZN 368.085 mln, including population’s deposit decreased by 30% to AZN 27.658 mln.

At the same time, total capital advanced 8.2% to AZN 64.545 mln, including authorized capital grew 29% to AZN 53.685 mln.

Note that, total income dipped 17.4% to AZN 4.258 mln, expenditure dropped 27% to AZN 3.510 mln. Profit surged 2.4 times to AZN 0.748 mln.

Remind that, Technikabank has been in existence since 1993. The bank operates 35 branches, 60 ATMs and 115 POS-terminals across the country.
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