Problem Loans Exceed amount of Texnikabank’s Consumer Lending by 75%
OREANDA-NEWS. September 19, 2011. Texnikabank, one of the largest private banks of Azerbaijan, has reported on activity for January-August of 2011.
The Bank says that its loan portfolio by 1 September reached AZN 406.1 million, including consumer loans for AZN 33.5 million.
Being one of the country’s few lending institutions, Texnikabank provides information about problem loans (more than 90 days in arrears). As of 1 September, their amount totaled AZN 58.78 million. As a result defaulted loans exceeded consumer crediting already by 75.3%.
Bank’s deposit portfolio by the reported date reached AZN 275.809 million, including retail deposits for AZN 207.515 million.
Bank’s assets reached AZN 577.8 million by 1 September with overall capital of AZN 100.46 million, including charter capital of AZN 64.755 million. Over the eight months of 2011 Bank’s earnings amounted to AZN 37.808 million and expenditures AZN 33.6 million. Net income was fixed at the level of AZN 4.1 million.
As a result, Texnikabank’s return on assets (ROA) made up 0.75% and return on equity (ROE) – 5.62% by September.
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