«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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Azerbaijan produced 28,394.1 million kilowatt-hours (kWh) of electricity in 2024, according to operational data released by the Ministry of Energy.
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The 10th meeting of customs heads from the Organization of Turkic States (OTS) commenced in Baku on Tuesday, bringing together senior officials from Azerbaijan, Turkey, Kazakhstan, Uzbekistan, and Kyrgyzstan. Representatives from the United Nations, the International Road Transport Union (IRU), and the customs authorities of Georgia and Hungary also participated.
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The Baku International Sea Trade Port, a critical link in the Middle Corridor connecting East and West, handled 7.6 million tons of cargo in 2024, marking a 3.2% increase from the previous year. This growth underscores the port's expanding role in global trade and its significance as a transit hub for countries such as China, Turkey, Georgia, Iran, and Russia.
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Azerbaijan’s state oil company SOCAR has acquired a 3% stake in the offshore SARB and Umm Lulu concession in the United Arab Emirates (UAE) from Abu Dhabi National Oil Company (ADNOC) for $285 million, marking a significant step in deepening energy ties between the two nations. The transaction, completed in May 2024, was completed in January 2025.
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