Turtanbank’s deposit portfolio rises sharply year-on-year

Turtanbank’s deposit portfolio rises sharply year-on-year
# 03 May 2010 11:16 (UTC +04:00)
Baku. Nijat Mustafayev – APA-Economics. As of April 1, 2010, Azerbaijan-based Turanbank’s assets stood at AZN 119.793 mln, up 49.9% compared with a year ago.

Bank says, deposit portfolio rose by 2.5 times to AZN 48.394 mln, population’s deposits doubled to AZN 37.052 mln, loan portfolio 27.3% increased to AZN 82.632 mln.

Total capital grew up 5.4% to AZN 19.811 mln, authorized capital soared 8.8% to AZN 18.5 mln.

Revenue increased 12.7% to AZN 3.520 mln, expenditure rose by 19.4% to AZN 2.601 mln. Profit made AZN 0.919 mln, down by 2.9% compared with a year ago.

Owned by 5 individual persons and 20 physical persons Turanbank has been in operation since 1992. The bank operates 11 branches, 9 ATMs and 73 POS-terminals across the country.
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