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Turan Bank achieves 43% year-on-year growth in assets

Turan Bank achieves 43% year-on-year growth in assets

18 March 2010 09:51 (UTC +04:00)

Baku. Vahab Rzayev â€“ APA-Economics. As of March 1, Azerbaijan-based Turan Bankâ€™s assets stood at AZN 117.9 million, up 43.2% from a year earlier.

The bank said loan portfolio rose by 17.1% year-on-year to AZN 80.7 million. Revenue stood at AZN 2.3 million up 12.9% from a year ago.

The remaining profit increased by 24% year-on-year to AZN 0.7 million.

Bankâ€™s deposit portfolio grew by 97.4% to AZN 44 million, year-on-year

Turan Bank, owned by 5 legal and 20 individual bodies, has been in operation since 1992. The bank operates 11 branches, 5 of these are in regions.

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