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Turan Bank gets 3% rise in loan book

Turan Bank gets 3% rise in loan book

17 September 2009 12:24 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of September 1, Azerbaijan-based Turan Bank posted its assets at AZN 83.9 million.

The bank said loan book grew by 2.7% year-on-year to AZN 65.4 million.

Total revenue for January-August reached AZN 10.8 million and expenditure AZN 8.7 million. Remaining profit was 23.6% up year-on-year to AZN 2.1 million.

Total equity capital grew by 15.6% to AZN 20.1 million and authorized capital stock went up 13.3% to AZN 17 million.

Owned by 5 legal entities (21.8%) and 20 individuals (78.2%), Turan Bank has been in operation since 1992. the bank operates 11 branches across the country.

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