Bank Technique at the beginning of this year, with assets of $ 438 million 802 thousand manats (down 30.3% compared with the end of 2011).
The total loan portfolio of the financial structure is 265 million 198 thousand manats (minus 39.1%). Liabilities to partners decreased by 22.5% to 416 million 516 thousand manats. Accumulated in the accounts is 188 million 718 thousand manats (minus 44.3%) of deposits.
The bank's equity decreased and amounted to 22 million 286 thousand manats (minus 77.5%).
The share capital has remained unchanged - 64 million 755 thousand manats.
JSC Bank Technique (formerly Texnikabank) was established in 1994. Renaming the organizational structure of the consequences was held August 15, 2012.
The Bank currently operates through 35 branches and 28 offices, including 23 offices in Baku. - 17D-
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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