Baku. Elnur Huseynguluyev – APA-Economics. As of July 1, Azerbaijan-based Turanbank’s assets stood at AZN 76.175 million, up 31.8% from a year earlier.
The bank said loan portfolio rose 43.8% to AZN 57.417 million, deposit portfolio increased 28.4% to AZN 33.889 million, total capital went up 25% to AZN 15.703 million and authorized capital increased 27.3% to AZN 14 million.
Compared to the same period last year, revenue rose 56.5% to AZN 6.132 million and expenditures rose 99% to AZN 5.037 million. Profit increased 20.9% to AZN 1.095 million. The bank established 1 ATM and 42 POS terminals over the past year. The number of employees rose 21.4% to 176.
The bank operates 11 branches, 9 ATMs and 64 POS terminals throughout the country.
Turanbank, owned by 17 legal and 37 individual bodies, has been in operation since 1992.
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