OREANDA-NEWS. September 04, 2009. Texnikabank summed up activity over  8 months of 2009.

Samir Guseynov, CEO of  Texnikabank notes the world crisis’s influence on Azerbaijani  large companies already weakens and improvement of their financial state influences positively on increase of banks’ deposit base.

“Azerbaijani economics in the least degree suffered form influence of global economic crisis and due to that the Azerbaijani companies succeeded in  stabilizing their financial position only over several months,” S.Hajiyev said.  Over 8 months of 2009, the deposit portfolio of Texnikabank grew by AZN 6.5 million and reached AZN 180.5 million by the end of reported  period. Growth on deposits of individuals  totaled 2.7%, on deposits of legal entities – 4.9%. Threefold increase of fixed deposits, which achieved AZN 25 million, was observed in  the structure of legal entities’ deposits.

On 31 August 2009, the assets of Texnikabank OJSC  made AZN 458.35 million, having increased by 25% from the start of year.

“Following the results of 8 months, the bank retains the third place on volume of assets. Our bank succeeded in providing  fulfillment of budgetary prognoses with surpassing by 10%,” S.Hajiyev said.

Over 8 months of current year, loan portfolio of the bank grew by 8.5% and made AZN 345 million on  31 August.

Over 8 months, Texnikabank received  income in the amount of AZN  9.5 million. The bank ranked the second place on volume of profit among the country’s banks.

Let’s note that in July of current year the bank’s  shareholders made decision to direct got profits by today income to increase of the bank’s charter capital. As a result, the bank’s charter capital increased from AZN  26.9 million to AZN 41.7 million.

“From 2009, tax exemption of banks’ profit, being directed to capitalization, will enable to continue capitalization strengthening of the bank in the future. By 31 August 31, the bank’s  total capital made AZN 71.7 million against AZN 64 million to the increase of charter fund,” CEO of the bank said.

Texnikabank OJSC was established in 1993 and ranks in a group of five of key banks on basic indices of  bank activity. The bank has the broadest network of branches among the country’s private banks. 35 branches, 5 departments of the bank rendered all kinds  of bank services to legal entities and  individuals  in territory of the capital and the majority of Azerbaijani  regions.