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Turanbank sees 28% rise in assets year-on-year

Turanbank sees 28% rise in assets year-on-year

25 May 2012 08:31 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As of May 1, 2012, Azerbaijan-based Turanbankâ€™s assets stood at AZN 172.9 mln, up 27.7% from year earlier.

Bank says loan portfolio rose 22.7% to AZN 138.7 mln, deposit portfolio increased by 39.8% to AZN 84.4, as well populationâ€™s deposits soared 10% to AZN 50.4 mln.

Total capital surged 6.7% to AZN 25.9 mln, including authorized capital grew 8.2% to AZN 23.8 mln.

Note that, income stood at AZN 6.914 mln, expenditures â€“ at AZN 5.685 mln. Consequently, profit was more than AZN 1.2 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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