Bank Of Baku

Turanbank sees 53% rise in assets

Turanbank sees 53% rise in assets
# 19 August 2010 14:37 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of August 1, 2010, Azerbaijan-based Turanbank’s assets stood at AZN 126.5 mln, up 53.3% compared with a year ago.
Bank says the loan portfolio rose by 39.8% to AZN 88.5 mln, revenue 23.8% increased to AZN 8.6 mln, compared with w year ago. Profit reached 2.1 mln.
Deposit portfolio surged by 2.4 times to AZN 48.5 mln, Population’s deposit doubled to AZN 29.7 mln,
Total capital made 21.1 mln. Authorized capital rose by 8.8% to AZN 18.5 mln.
Turanbank has been in operation since 1992. The bank operates 11 branches and 20 offices across the country.
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