Azer-Turk Bank plans to raise assets by 45%

Azer-Turk Bank plans to raise assets by 45%
# 20 August 2008 09:26 (UTC +04:00)
Baku. Elnur Huseynguluyev – APA-Economics. Azer-Turk Bank plans to raise its assets by 45% to AZN 50 million during this year. The bank’s board member Hasan Badalov said the strategic development plan envisions increasing loan portfolio by 50% to AZN 33 million and raising deposit portfolio by 71.4% to AZN 36 million.
As at July 1, Azer-Turk Bank’s assets stood at AZN 37.463 million, loan portfolio at AZN 26.133 million, deposit portfolio at AZN 22.936 million, total capital at AZN 11.258 million and authorized capital stood at AZN 10 million.
In 1995 AzerTurkBank was established by Turkish T.C.Ziraat Bankasi A.S. (46%), German Ziraat Bank International AG (4%), Azeri Agrarcredit (46%) and Turanbank (4%). The bank operates 2 branches and 3 ATMs across the country.
#
#

THE OPERATION IS BEING PERFORMED