Bank Of Baku

Turanbank sees 55% rise in assets

Turanbank sees 55% rise in assets
# 17 September 2010 11:44 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of September 1, 2010, Azerbaijan-based Turanbank’s assets stood at AZN 130.4 mln, up 54.9% compared with a year ago.

Bank says the loan portfolio rose 42.2% to AZN 93 mln, deposit portfolio increased by 2.2 times to AZN 51 mln, population’s deposit gained 93.2% to AZN 31.1 mln.

Total income made AZN 9.9 mln, up 26.3% from year earlier. Profit was AZN 2.5 mln.

Total capital climbed 7.6% to AZN 21.6 mln, authorized capital edged higher 8.8% to AZN 18.5 mln.

Turanbank has been in operation since 192. The bank operates 11 branches, 11 ATMs and 73 POS-terminals across the country.
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