Texnikabank keeps on growing expansion rates : its quarterly profit to achieve at least AZN 2.5 million from third quarter
Baku, Fineko/abc.az. Following June 2012 Texnikabank increased growth paces on main activity directions.
The bank reports that over 1.200 clients were attracted to the bank in June alone. At that growth of individuals deposits made 0,6%, that is AZN 600.000 and their summary volume reached AZN 106.6 million. Monthly growth of legal entities deposits made 2,3% ( AZN 1.5 million) and their volume reached AZN 62.8 million. In the last month alone summary turnovers on client operations rose by 48% and made AZN 102.1 million.
Total volume of reserves created in the second quarter of 2012 exceeded AZN 67 million. At that net interest return made AZN 5.5 million versus AZN 2.1 million in the first quarter of the year. Net volume of commission revenues exceeded AZN 2.8 million which exceeds first quarter of 2012 by 56% ( AZN 1 million).
" Following the work done on assets quality and prime cost of resources real percent margin of the bank rose over 3-fold. That will enable the bank to come to at least AZN 25 million quarterly profit from third quarter of the year ", - said Chairman of Texnikabanks Supervisory Board Rovshan Ismaylov commenting on the banks success.
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