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Turan Bank achieves 37% year-on-year growth in assets

Turan Bank achieves 37% year-on-year growth in assets

17 February 2010 08:58 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of February 1, Azerbaijan-based Turan Bankâ€™s assets stood at AZN 112.8 million, up 37.4% from a year earlier.
The bank said loan portfolio rose by 19.6% year-on-year to AZN 79.8 million, deposit portfolio grew by 14.7% to AZN 39.9 million. Total capital went up by 7.9% to AZN 20.8 million and authorized capital grew by 6.3% to AZN 17 million. Revenue stood at AZN 1.2 million and expenditure at AZN 0.8 million.
The remaining profit increased by 63.7% year-on-year to AZN 0.4 million.
Turanbank, owned by 5 legal and 20 individual bodies, has been in operation since 1992. The bank operates 11 branches, 9 ATMs and 73 POS Terminals throughout the country.

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