Baku. Nijat Mustafayev – APA-Economics. As of April 1, Azerbaijan-based Turanbank’s assets rose by 9.9% to AZN 120.8 million, up 50% on a year earlier.
The bank said loan portfolio rose 6.1% to AZN 66.69 million from the beginning of year, to AZN 82.6 mln.
Revenue for 2010 increased by 12.7% to AZN 3.5 million compared with January – March.
The deposit portfolio increased 145.5% to AZN 48.4 million, the total capital went up 5.4% to AZN 19.8 million compared with a year ago and authorized capital jumped 8.8% to AZN 18.5 million in January-March, 2010 compared with beginning of year.
Turanbank, owned by 5 legal and 25 individual bodies, has been in operation since 1992. The bank operates 11 branches and 20 offices throughout the country.
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