Bank Of Baku

Turanbank gets 32% rise in assets

Turanbank gets 32% rise in assets
# 17 January 2012 11:13 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of January 1, 2012, Azerbaijan-based Turanbank’s assets stood at AZN 173.3 mln, up 32% from year earlier.

Bank says the loan portfolio rose 16.9% to AZN 121.6 mln, deposit portfolio increased by 66.8% to AZN 73.7 mln. Population’s deposit soared 27.1% to AZN 40.7 mln.

Besides, bank’s total capital surged 9.8% to AZN 26 mln, as well authorized capital climbed 10% to AZN 22 mln.

Note that, total income increased by 21% to AZN 18.7 mln, expenditure – by 25% to AZN 15.1 mln. Consequently, profit rose 6% to AZN 3.6 mln.

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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