Eliminated 'Texnikabank' indebted to other Azerbaijani banks in a large amount

Works are underway for sale of property and debt repayment

Baku. 22 July.REPORT.AZ/ Part of real estate of Bank Technique OJSC ("Texnikabank') branches, which is in the liquidation process at present, has been pledged at other financial institutions.

Report was told by a source at the banking sector.

According to the information, during its period of activity, Bank Technique attracted approximately 52 mln AZN from Azerbaijani banks. Mentioned properties presented as pledge for this amount. Currently, works are underway for sale of property and debt repayment.  

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