Bank Of Baku

Turanbank gets 36% growth in loan portfolio

Turanbank gets 36% growth in loan portfolio
# 22 April 2011 13:41 (UTC +04:00)
Bakı. Elnur Huseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based Turanbank’s loan portfolio stood at AZN 112.507 mln, up 36.15% from year earlier.

Bank says loans by 12 months rose 5.44% to AZN 22.939 mln, loans for over 12 months went up 47.13% to AZN 89.58 mln, consumption loans rose 2.1 times to AZN 18.58 mln, overdue credits increased by 2.2 times to AZN 5.547 mln

Besides, loans given via AMF rose 56.92% to AZN 6.109 mln, mortgage loans rose 23.39% to AZN 14.706 mln.

Bank’s investments in securities decreased by 7.65% to AZN 0.415 mln.

Remind that, Turanbank has been in operation since 1992. The bank operates 11 branches, 16 ATMs, 74 POS-terminals and 239 employees across the country.
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