Turanbank faces loss in first quarter

Turanbank faces loss in first quarter
# 24 April 2015 11:06 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. As of April 1, 2015, Turanbank’s assets stood at AZN 345.3 mln, up 22% from previous year, 8% from late 2014.

Bank says the loan portfolio rose 43% to AZN 256 mln, customer accounts and deposit portfolio grew 11% to AZN 161.3 mln, term deposits raised 29.9% to AZN 82.7 mln.

Total capital rose 1% to AZN 53 mln, authorized capital increased 7% to AZN 47 mln.

Incomes made AZN 6.2 mln, expenditures – AZN 8.2 mln.

Loss made AZN 2 mln.

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