Bank Of Baku

Turanbank sees 26% rise in assets

Turanbank sees 26% rise in assets
# 13 October 2010 07:33 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of October 1, 2010, Azerbaijan-based Turanbank’s assets stood at AZN 127.5 mln, up 26% compared with a year ago.

Bank says loan portfolio rose 35.6% to AZN 95.5 mln, deposit portfolio increased by 53.8% to AZN 45.4 mln. Population’s deposit ended up 60.9% to AZN 28.9 mln.

Total capital gained 8.3% to AZN 22 mln, including authorized capital was reached AZN 18.5 mln. Income climbed 28.4% to AZN 11.3 mln.

Turanbank has been in operation since 1992. The bank operates 11 branches across the country.
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