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Turanbank sees 32% growth in assets year-on-year

Turanbank sees 32% growth in assets year-on-year

26 December 2011 08:00 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of December 1, 2011, Azerbaijan-based Turanbankâ€™s assets stood at AZN 165.2 mln, up 31.9% compared to last year.

During the reporting period, loan portfolio rose 24.8% to AZN 118.2 mln, term deposits increased by 24.8% to AZN 37.5 mln.

Total capital soared 16.8% to AZB 26.5 mln, authorized capital rose 18.9% to AZN 22 mln.

Note that, in January-November, 2011, bankâ€™s balance profit increased by 5.6% to AZN 3.6 mln.

Remind that, Turanbank has been in operation since 1992.

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