Bank Of Baku

Turanbank increases profit by 10% year-on-year

Turanbank increases profit by 10% year-on-year
# 28 November 2011 13:23 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of November 1 ,2011, Turanbank’s assets made AZN 164 mln, up 30.4% compared to last year.

During the reporting period, loan portfolio of the bank grew by 20.5% to AZN 118.2 mln, deposit portfolio increased by 61.8% to AZN 71.5 mln. Term deposits of population in the structure of deposit portfolio rose 32.4% to AZN 39.2 mln.

Total capital increased by 18% to AZN 26.4 mln, as well as authorized capital rose 19% to AZN 22 mln.

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