Azerbaijani bank's profit exceeds 4.4 mln manat
Azerbaijan, Baku, September 21 / Trend N. Ismayilova /
As of September 1, 2010 the assets of Azerbaijani Texnikabank totaled 468.83 million manat. They increased by 1.5 percent in August, the bank said.
The authorized capital amounted to 53.685 million manat, total capital - 59.989 million manat.
The deposit portfolio of the bank reached 211.17 million manat in August. It increased by 5.2 percent. Physical entities' deposits amounted to 131.52 million manat. General obligations of the bank amounted to 391.72 million manat.
The loan portfolio decreased by 8.8 percent and hit 316.91 million manat.
The bank's income amounted to 38.63 million manat, including interest income - 32.71 million manat, non-interest income - 10.39 million manat. The bank's costs amounted to 38.63 million manat.
The net profit of the bank totaled 4.46 million manat as of September 1 compared to 1.843 million manat in August.
The number of active cards in early August totaled 42,445 units. Texnikabank installed 58 ATMs and 241 POS-terminal. The bank has 35 branches and five offices.
Texnika Bank has been operating on the banking market since 1993. At present, the majority shareholder of the bank is World Wines company. It owns 75 percent stake. Chairman of the Supervisory Board, Etibar Aliyev, controls 15 percent of the shares, and the U.S company Kazimir Investment Caspian Fund - 10 percent stake.
On September 21, the official exchange rate is 0.8032 manat to $1.