Bank Of Baku

Turanbank’s assets rises by 53%

Turanbank’s assets rises by 53%
# 03 September 2010 12:20 (UTC +04:00)
Baku. Elnur Huseynguluyev – 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 loan portfolio rose 39.8% to AZN 88.5 mln, deposit portfolio increased by 2.4 times to AZN 48.5 mln, population’s deposit doubled to AZN 29.7 mln.

Income made AZN 8.6 mln during January-July, up 23.8% from year earlier. The balance profit of bank made AZN 2.1 mln.

Owned by 5 legal and 20 individuals 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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