OREANDA-NEWS. December 30, 2010. Texnikabank, one of the leading private credit institutions of Azerbaijan, has announced a phenomenal figure it has achieved.

Bank’s chairman of board Samir Huseynov says that since early 2010 Texnikabank’s assets rose by 10% up to AZN 511 million.

"According to financial performance, Texnikabank is in Top 5 of the country’s banks. The fact of exceeding the level of AZN 500 million in assets opens a new stage of our development,” Huseynov noted.

As of 27 December 2010, Texnikabank’s loan portfolio was estimated in AZN 363.5 million (+3.5%), deposit portfolio AZN 257 million (+39%), including deposits of individuals AZN 179 million (+ 59%). Bank’s authorized capital is AZN 53.7 million. Profit following 2010 is expected to reach AZN 9.6 million.

Texnikabank founded in 1993 is numbering 35 branches, 60 cash machines and 150 POS-terminals, and staff of 621 employees.