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Technikabank achieves 29% year-on-year growth in assets

15 December 2008 08:12 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of December 1, Technikabankâ€™s assets stood at AZN 395.448 million, up 28.8% on the same period last year.
The Bank said loan portfolio rose 31.4% to AZN 302.929 million, including consumer loans reaching AZN 68.189 million. Besides, deposit portfolio fell 9% to AZN 148.419 million, total capital increased 56% to AZN 58.240 million and authorized capital went up 52.9% to AZN 26.912 million.
For January-November, revenue rose 93.6% to AZN 71.051 million and expenditures doubled to AZN 50.142 million. Profit jumped 79.3% to AZN 20.908 million.
As one of the top banks in Azerbaijan, Technikabank has been in operation since 1993.
The bank operates 35 branches, 46 ATMs and 330 POS terminals across the country. The number of its staff members is 576.