Turanbank gets rise in Q1 assets

Turanbank gets rise in Q1 assets
# 22 May 2015 13:51 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. In the first quarter of 2015, Turanbank’s assets stood at AZN 347.874 mln, up 21.69% from previous year.

Bank says the loan portfolio rose 43.04% to AZN 260.126 mln, consumption loans fell 23.41% to AZN 32.658 mln, mortgage loans raised 12.22% to AZN 28.022 mln (AZN 16.698 mln or 59.59% given through AMF), overdue credits surged 2.81% to AZN 8.195 mln.

Deposit portfolio increased 10.3% to AZN 143.420 mln, personal savings dropped 4.19% to AZN 82.723 mln.

Total capital soared 3.66% to AZN 53.426 mln, authorized capital advanced 6.82% to AZN 47,002,000.

Incomes shed 16.1%to AZN 6.206 mln, expenditures grew 49.91% to AZN 8.207 mln.

Loss made AZN 2,001,000,300.

The bank operates 14 branches, 23 ATMs and 159 POS-terminals across the country.

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