«Bank Technique» made a statement which denied the media publications about its closure and the loss of money on its accounts. "Such rumors cause concern of the management and the bank's customers. There are certain difficulties, which they try to address by all resources: cost optimization, restructuring and other measures," reads the statement.
Over the past three years, the aggregate bank capital increased significantly during this period, were returned 157 million AZN; of them 310 million manat overdue loans, the report says.
"There is no danger of losing money on the bank accounts. This also applies to all of our customers," the report says.
* JSC Bank Technique was created in 1994 under the name "Bank Technique", and is among the ten leading banks in the country.
In recent days, the media published a series of articles about the bankruptcy of the bank, firing employees and the inability of customers to withdraw money from their accounts.-02D-
Economics
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On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
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Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
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Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
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Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
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