OREANDA-NEWS. April 16, 2012. Azerbaijan’s Texnikabank has announced serious reduction of indexes as for the first time during a long period its assets fell below AZN 600 million by 1 April.

Texnikabank reports that by 1 April 2012 its assets made AZN 576.252 million and aggregate capital- AZN 99.996 million with equity capital AZN 68.362 million.

In the first quarter of the year the bank had AZN 15.86 million of profit and made payments for AZN 15.32 million. As a result its revenues prior to tax payment made AZN 538.070 and net profit- AZN 457.870.

Accordingly, return on assets (RoA) fell to 0.07%, and return on equity- (RoE) – to 0.6%.