OREANDA-NEWS. April 16, 2012. Texnikabank, one of the largest private banks of Azerbaijan, has reported on activity for Jan-March 2012.

The Bank says that its loan portfolio by 1 April 2012 reached AZN 400.606 million (versus AZN 412.039 million by early 2012), including consumer loans for AZN 27.687 million (AZN 25.822 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 April, their amount totaled AZN 45.091 million versus AZN 62.457 million by 2012. As a result defaulted loans exceeded consumer crediting already 1.6 fold against 2.4 fold in 2011.

The Bank’s deposit portfolio by the reported date reached AZN 258.539 million (versus AZN 338.7 million by early 2012), including retail deposits for AZN 185.337 million (AZN 257.508 million).