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Bank Technique sees rise in troubled loans

03 November 2014 11:18 (UTC +04:00)

Baku. Parviz Nuriyev - APA-Economics. In the third quarter of 2014, Bank Technique’s assets stood at AZN 584.608 mln, up 29.64% from previous year.

Bank says the loan portfolio rose 43.81% to AZN 447.577 mln, consumption loans raised 80.33% to AZN 134.546 mln, car loans dropped 14.31% to AZN 10.528 mln, mortgage loans increased 2.79 times to AZN 91.682 mln (AZn 24.774 mln or 27.02% given through AMF) and overdue credits grew 2.78% to AZN 98.811 mln (22.08% of loan portfolio).

Deposit portfolio surged 30.11% to AZN 310.624 mln, personal savings soared 56.90% to AZN 176.896 mln. Compared to last quarter, personal savings slipped 11.66% or AZN 20.619 mln.

Total capital went up 16.08% to AZN 61.321 mln, while the authorized capital remained unchanged at AZN 75.1 mln.

Incomes climbed 41.24% to AZN 43.690 mln, expenditures gained 47.28% to settle at AZN 42.624 mln.

Profit made AZN 1.066 mln.

The bank operates 29 branches, 63 ATMs and 702 POS-terminals across the country.