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Azer-Turk Bank gets 14% year-on-year rise in deposits

Azer-Turk Bank gets 14% year-on-year rise in deposits

21 December 2009 11:31 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at December 1, Azer-Turk Bankâ€™s assets stood at AZN 52.316 million, up 14.26% from a year ago.

The loan portfolio rose by 9.15% to AZN 28.334 million, deposit portfolio increased by 19.83% to AZN 36.853 million (including household deposits rising 32.45% to AZN 15.070 million), total capital dropped by 0.6% to AZN 12.257 million and authorized capital stock stood at AZN 10 million.
Consumer loans stood at AZN 1.968 million for January-November.

In 1995 AzerTurkBank was established by Turkish T.C.Ziraat Bankasi A.S. (46%), German Ziraat Bank International AG (4%), Azeri Agrarcredit (46%) and Turanbank (4%). The bank operates 3 branches, 4 ATMs and 20 POS terminals across the country.

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