Bank Technique gets 15% rise in assets

Bank Technique gets 15% rise in assets
# 30 January 2015 08:30 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of January 1, 2015, Bank Technique’s assets stood at AZN 608.726 mln, up 16.70% from previous year.

Bank says the loan portfolio rose 32.5% to AZN 434.727 mln, consumption loans raised 58.84% to AZN 132.864 mln, mortgage loans increased 2.97 times to AZN 93.990 mln (AZN 24.687 mln was given through AMF), overdue credits grew 0.54% to AZN 89.169 mln (20.51% of total loan portfolio).

Deposit portfolio fell 2.37% to AZN 306.369 mln, personal savings went up 6.61% to AZN 169.471 mln.

Total capital advanced 16.08% to AZN 62,237,250, authorized capital remained unchanged at AZN 75,100,000.

Incomes soared 38.05% to AZN 60.414 mln, expenditures surged 44.55% to AZN 57.692 mln.

Profit made AZN 2,722,620.

The bank operates 61 branches, 63 ATMs and 687 POS-terminals across the country.

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