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Azer-Turk Bank gets 33% year-on-year rise in assets

06 January 2009 10:02 (UTC +04:00)

Baku. Elnur Huseynguluyev â€“ APA-Economics. As at January 1, Azer-Turk Bankâ€™s assets stood at AZN 45.783 million, up 32.7% on last year.
The loan portfolio rose 21.1% to AZN 25.958 million, deposit portfolio increased 47.2% to AZN 30.755million (including personal deposits rising 1.44% to AZN 11.378 million), total capital went up 6.1% to AZN 12.333 million and authorized capital stood at AZN 10 million.
Consumer loans increased 52.6% to AZN 8.628 million.
Over the past year, revenue rose 34.8% to AZN 7.385 million and expenditures increased 31.7% to AZN 4.544 million.
The bankâ€™s profit for the full year of 2008 rose 40.2% to AZN 2.842 million and net profit went up 39.5% to AZN 2.194 million.
Over this period, the bank established 1 branch, 1 exchange office and 6 POS terminals.
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 3 branches, 3 ATMs, 3 exchange offices and 8 POS terminals across the country.