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Bank Technique increases consumer lending

Bank Technique increases consumer lending

19 February 2013 12:50 (UTC +04:00)

Baku. Vahab Rzayev – APA-Econoics. As of January 1, 2013, Azerbaijan-based Bank Technique’s assets stood at AZN 418.741 mln, down 33.5% from a year ago.

Bank says loan portfolio dropped 50.5% to AZN 215.374 mln. Consumption loans made AZN 26.686 mln, up 3.5% from 2012. Deposit portfolio slid 45.1% to AZN 186.027 mln.

Total capital declined 57.5% to AZN 42.129 mln, as well as authorized capital remained unchanged at AZN 64.755 mln.

For the present, the bank operates 32 branches, 71 ATMs and 4,536 POS-terminals across the country.

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