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Azerbaijani bank's net profit exceeds 12 million manat for 2010

Society Materials 13 January 2011 18:36

Azerbaijan, Baku, Jan. 13 / Trend N. Ismayilova /

As of January 1, 2010, the assets of Azerbaijani Texnika Bank amounted to 506.014 million manat, increasing by four percent in December, the bank said. The yield on assets (ROA) was 2.57 percent and on capital (ROE) - 19,25 percent.

The bank's authorized capital amounted to 53.69 million manat, while total capital - 64.26 million manat.

As of January 1, the deposit portfolio reached 255.747 million manat, increasing by 6.6 percent in December. The deposits of physical entities amounted to 182.95 million manat. General obligations of the bank hit 422.49 million manat.

The bank's loan portfolio reduced by 0.9 percent, reaching 336.63 million manat.

The bank's income for the period amounted to 63.83 million manat, including interest income - 49.33 million manat, non-interest income - 14,5 million manat.

The bank's costs amounted to 51.39 million manat.

The net profit of the bank as of Jan. 1 totaled 12.04 million manat.

The number of plastic cards issued by the bank at the beginning of May amounted to 49,106 units. Texnikabank installed 60 ATMs and 115 POS-terminals.

The bank has 35 branches and 5 departments.

Texnika Bank has been operating on the banking market of the country since 1993. Today, World Wines company, which owns 75 percent of shares, is shareholder of the bank. Chairman of the Supervisory Board, Etibar Aliyev controls 15 percent of shares, and the U.S company Kazimir Investment Caspian Fund - 10 percent of shares.

The official exchange rate is 0.7975 manat to $1.

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