Bank Of Baku

Technikabank to open next provincial branch this year

Technikabank to open next provincial branch this year
# 21 October 2008 09:49 (UTC +04:00)
Baku. Rashad Suleymanov – APA-Economics. Azerbaijan’s Technikabank plans to open a provincial branch in Khachmaz by the end of this year.
Also, the bank’s branch in Gabala will move to a new office this year.
The bank intends to open a branch in Shamakhi in 2009.
Technikabank opened provincial branches in Bilasuvar, Tovuz, Garadagh and Neftchala during the past period of 2008.
Against a backdrop of rapid growth, the bank is predicted to earn AZN 24 million in profit for 2008.
As of October 1, its 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 and 46 ATMs across the country.
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