Bank Of Baku

Technikabank gets 22% rise in assets year-on-year

Technikabank gets 22% rise in assets year-on-year
# 12 August 2011 09:41 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. As of August 1, 2011, Technikabank’s assets stood at AZN 563.7 mln, up 22.1% from year earlier.

Bank says loan portfolio rose 19% to AZN 416.7 mln, deposit portfolio – 40.6% to AZN 282.5 mln.

At the same time, total capital soared 74.3% to AZN 99.861 mln, as well authorized capital surged 20.6% to AZN 64.755 mln.

Income made AZN 32.6 mln, expenditure – AZN 28.9 mln. Profit stood at AZN 3.747 mln.

Remind that, Technikabank has been in operation since 1993. The bank operates 35 branches, 7 departments, 84 ATMs and 922 POS-terminals across the country.
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