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Azerbaijani bank's depositary portfolio ups by 50 percent

Business Materials 19 May 2010 13:31 (UTC +04:00)
On May 1, 2010 assets of Azerbaijani Texnikabank increased by 5.9 percent up to 471, 2 million manat compared to the same period of the last year, the bank said.
Azerbaijani bank's depositary portfolio ups by 50 percent

Azerbaijan, Baku, May 19 / Trend /

On May 1, 2010 assets of Azerbaijani Texnikabank increased by 5.9 percent up to 471, 2 million manat compared to the same period of the last year, the bank said.

The authorized capital of the bank increased during the year by 99.5 percent, reaching 53.7 million manat.

During the reporting period, the deposit portfolio of the bank reached 201, 39 million manat, increasing by 47, 94 percent, including deposits of physical entities - 114,2 million manat.

The bank's loan portfolio increased by 3.44 million manat and hit 347, 3 million manat.

The number of plastic cards issued by the bank at the beginning of May amounted to 44,847 units. Texnikabank installed 57 ATMs and 348 POS-terminals.

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.

On May 19, the official exchange rate is 0.8037 manat to $1.

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