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Texnikabankâ€™s deposit portfolio extends by 26%

Texnikabankâ€™s deposit portfolio extends by 26%

20 October 2011 08:43 (UTC +04:00)

Baku. Elnur Huseynguluyev - APA-Economics. As of October 1, 2011, Texnikabankâ€™s assets stood at AZN 587.850 mln, up 24.3% from a year earlier.

During the reporting period loan portfolio rose 21.3% to AZN 412.245 mln, consumption loans increased by 9.55 to AZN 34.623 mln, deposit portfolio extended by 26.3% to AZN 276.743 mln, population deposits made AZN 206.157 mln.

Total capital rose 61% to AZN 102.699 mln, authorized capital increased by 21% to AZN 64.755 mln.

Note that, total incomes slipped 3.95 to AZN 44.604 mln within the last year. Expenses rose 0.4% to AZN 38.375 mln. So, profit of the bank made AZN 6.289 mln.

Remind that, Texnikabank has been in operation since 1993. It operates 35 branches across the country.

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