Bank Of Baku

Technikabank lends mortgage loans of more than AZN 30 million

Technikabank lends mortgage loans of more than AZN 30 million
# 17 October 2008 12:46 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Azerbaijan’s Technikabank has to date lent 782 mortgage loans of more than AZN 30 million in total.
The bank said 11 million came from Azerbaijan Mortgage Fund and AZN 6.5 million from Black Sea Trade & Development Bank for loans and the rest from the bank’s available resources.
An average mortgage loan was AZN 40 000.
Technikabank is the top lending institution for the distribution of mortgage loans from funding from Azerbaijan Mortgage Fund.
As of October 1, Technikabank’s assets stood at AZN 439.644 million, loan portfolio at AZN 78.663 million, total capital at AZN 57.438 million and net profit at AZN 20.042 million.
The bank operates 35 branches, 2 offices and 3 exchange offices, 46 ATMs and 327 POS terminals across the country.
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