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Turanbank sees 10% growth in profit year-on-year

Turanbank sees 10% growth in profit year-on-year

22 August 2011 12:46 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of August 1, 2011, Azerbaijan-based Turanbankâ€™s assets stood at AZN 153 mln, up 20.9% from a year earlier.

Bank says loan portfolio rose 33.75 to AZN 118.4 mln, deposit portfolio increased by 35.7% to AZN 60 mln, term deposits rose 33.25 to AZN 39.6 mln.

Total capital rose 19.2% to AZN 25.2 mln, authorized capital increased by 18.9% to AZN 22 mln.

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

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