Turanbank increases interest profit by 8% year-on-year

Turanbank increases interest profit by 8% year-on-year
# 30 October 2012 09:42 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. In January-September, 2012, Turanbank OJSC got AZN 2.824 mln-profit, down 8% compared to last year.

During the reporting period, total incomes rose 21% to AZN 16.744 mln, interest incomes soared 15% to AZN 13.719 mln, non-interest incomes grew by 66% to AZN 3.024 mln.

Expenses increased by 30% to AZN 13.919 mln, interest expenses rose 21% to AZN 7.187 mln, non-interest expenses rose 65% to AZN 6.732 mln.

Interest profit rose 8.2% to AZN 6.532 mln , non-interest loss increased by 65% to AZN 3.7018 mln.

Turanbank has been in operation since 1992. It operates 12 branches across the country.
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