Bank Of Baku

Turanbank sees 20% rise in assets

Turanbank sees 20% rise in assets
# 19 January 2011 12:40 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of January 1, 2011, Azerbaijan-based Turanbank’s assets stood at AZN 131.5 mln, up 19.6% in comparison to a year ago.

Bank says loan portfolio rose 33.4% to AZN 104 mln, deposit portfolio extended 22.5% to AZN 44.2 mln. Total capital soared 15.2% to AZN 23.6 mln, including authorized capital increased by 17.6% to AZN 20 mln.

Note that, income made AZN 15.5 mln, up 28.7% compared to 2009. Profit rose 28% to AZN 2.9 mln. According to results of 2010, ROA stood at 2.4, ROE at 16.

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