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Bank Techniqueâ€™s assets reach AZN 418 mln

28 January 2013 13:30 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. In the 4th quarter of 2012 Bank Technique achieved profit of AZN 35.73 million, the bank told APA-Economics.

In addition, in the 4th quarter Bank Technique’s non-interest income increased by more than 30% up to AZN 4.2 million. The Bank’s assets grew by 4%, and by 1 January 2013 amounted to AZN 418 million.

"We also observe the growth of the deposit portfolio, which is one of our key indicators of the degree of confidence in the bank by the population. The volume of raised funds for the 4th quarter increased by 10%, and by 1 January 2013 reached AZN 177 million," it was reported.

In the 4th quarter the Bank’s liquidity ratio was 47% (we note that the minimum level of liquidity required by the CBA is 30%). Also, thanks to a series of measures, Bank’s overall capital was brought up to AZN 40.5 million.

In May 2012 it was approved the new composition of the Board of Bank Technique (formerly Texnika Bank), and in June at a general extraordinary meeting of shareholders - the new composition of the Supervisory Board of the Bank.

To date, the country is numbering 32 branches and 13 sub-branches of Bank Technique.