Baku. Elnur Huseynguluyev – APA-Economics. As of April 1, Azerbaijan-based Turan Bank posted its assets at AZN 80.563 million, up 14.8% on a year ago.
The bank said deposit portfolio fell by 15% to AZN 20.982 million while loan portfolio increased by 15.1% to AZN 64.69 million.
Total equity capital went up by 24% to AZN 18.803 million and authorized capital rose by 21.4% to AZN 17 million.
Revenue increased by 52% year-on-year to AZN 4.174 million and expenditure rose by 55% to AZN 3.228 million. Profit jumped by 43% to AZN 946 000.
The bank established 8 bureaus of exchange, 1 ATM and 9 POS terminals over the past year. The number of staff increased 20% to 191.
Owned by 17 legal entities and 37 individuals, Turan Bank has been in operation since 1992. Turan Bank operates 11 branches, 23 bureaus of exchange, 9 ATMs and 73 POS terminals across the country.
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