Bank Of Baku

Turanbank gets 31% rise in assets

Turanbank gets 31% rise in assets
# 02 April 2012 12:04 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. As of March 1, 2012, Azerbaijan-based Yuranbank’s assets stood at AZN 170.7 mln, up 31% from year earlier.

Bank says loan portfolio rose 14.4% to AZN 126.6 mln, total capital increased by 8.8% to AZN 26.7 mln, as well authorized capital soared 10% to AZN 22 mln.

Deposit portfolio surged 1.8% to AZN 88.5 mln, as well population’s deposits grew 6.2 to AZN 43.3 mln.

Note that, total income made AZN 3.3 mln, expenditures – AZN 2.6 mln. Consequently, profit reached AZN 0.7 mln.

Remind that, Turanbank has been in operation since 1992. THE bank operates 11 branches.
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