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Bank Technique gets decline in number of branches

30 July 2014 16:26 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. During the first quarter of 2014, Bank Technique’s assets stood at AZN 580.790 mln, up 29.57% from previous year.

Bank says the loan portfolio during January-June, 2014, rose 52.1% to AZN 438.779 mln, consumer lending sared 101.2% to AZN 128.753 mln, car loans surged 90.03% to AZN 11.927 mln.

Mortgage lending increased by 2.49 times to AZN 84.449 mln (AZN 24.815 mln or 29.37% through AMF).

Overdue credits fell 2.26% to AZN 90.248 mln, deposit portfolio grew 30.55% to AZNB 302.707 mln, personal savings surged 33.57% to AZN 197.515 mln.

Total capital climbed 16.68% to AZN 60.794 mln, while authorized capital remained unchanged at AZN 75.1 mln.

Incomes – AZN 27.608 mln (+45.3%)

Expenditures – AZN 27.318 mln (+52.38%)

Profit – AZN 289,600.

The bank operates 31 branches, 66 ATMs and 519 POS-terminals across the country.