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Bank Technique gets rise in assets

Bank Technique gets rise in assets

28 April 2014 09:28 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. As of April 1, 2014, Azerbaijan-based Bank Technique’s assets stood at AZN 521.233 mln, up 23.8% from previous year.

Bank says the loan portfolio rose 31.1% to AZN 356.895 mln, consumer lending soared 77.8% to AZN 102.71 mln.

Car loans increased by 5.6 times to AZN 13.82 mln.

Mortgage loans made AZN 51.066 mln, up 38.6% by contrast to a year earlier (AZN 25.303 mln or 49.5% given through AMF).

Overdue credits dropped 13.1% to AZN 88.148 mln.

Deposit portfolio surged 58.2% to AZN 310.568 mln, personal savings were equal to AZN 209.015 mln rising 57.6% compared to a year ago.

Total capital increased by 46.56% to AZN 61.012 mln, while authorized capital rose 15.97% to AZN 75.1 mln.

Incomes grew 55.1% to AZN 12.636 mln, expenditures – 54% to AZN 12.365 mln.

Profit stood at AZN 271,250.

For the present, the bank operates 48 branches, 71 ATMs and 521 POS-terminals across the country.

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