OREANDA-NEWS. May 11, 2011. Texnikabank, one of the leading private credit institutions of Azerbaijan, keeps on showing steady growth in financial performance.

The Bank reports that on 1 May 2011 its assets grew by 6.7% up to 528.7 million manat. The credit portfolio increased by 11% and amounted to 360.6 million manat.

Term deposits of individuals during the reported period rose by 13.6% from 155 million to 176 million manat.

Texnikabank’s profit grew by 191% up to 2.9 million manat. Overall capital increased by 54% up to 98.6 million manat, and equity capital by 20% up to 64.8 million manat.

The Bank has been operating since 1993 and has 35 branches and 5 sub-branches. Its staff composes 637 employees.