Bank Of Baku

Turanbank sees 18% growth in assets

Turanbank sees 18% growth in assets
# 28 February 2011 14:42 (UTC +04:00)
Baku. Vahab Rzayev – APA-Economics. As of February 1, 2011, Azerbaijan-based Turanbank’s assets stood at AZN 133.5 mln, up 18.4% from year earlier.

Bank says the loan portfolio soared 33.6% to AZN 106.6 mln, deposit portfolio extended 14.3% to AZN 45.7 mln. Total capital increased by 15.8% to AZN 24 mln, including authorized capital by 17.6% to AZN 20 mln.

Income made AZN 1.4 mln during the same period, up 16.8% from year ago. Profit stood at AZN 0.340 mln.

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