Turanbank gets 36% rise in Q1 loan portfolio

Turanbank gets 36% rise in Q1 loan portfolio
# 26 April 2011 11:09 (UTC +04:00)
Baku. ELnur HUseynguluyev – APA-Economics. As of April 1, 2011, Azerbaijan-based Turanbank’s assets stood at AZN 136.760 mln, up 14.2% from year earlier.

Bank says deposit portfolio dropped 6.6% to AZN 45.185 mln, loan portfolio soared 36.2% to AZN 112.507 mln.

Total capital soared 19.8% to AZN 23.726 mln, including authorized capital surged 18.9% to AZN 22 mln.

Number of clients increased by 2.5 times to AZN 20,877, active plastic cards grew by 2.7 times to 8,097 and staffs climbed 17.7% to 239.

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