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Turan Bank plans to set up 4 branches this year

Turan Bank plans to set up 4 branches this year

31 March 2009 08:24 (UTC +04:00)

Baku. Elnur Huseynguluev - APA-Economics. As part of its strategic plan for 2008-2011, Azerbaijan-based Turan Bank plans to open 4 branches in 2009, bringing the number of branches to 13.

The bank said two branches would be set up in regions and 2 in Baku.

Turan Bank, owned by 17 legal entities and 37 individuals, has been in operation since 1992.
As of January 1, the bankâ€™s assets stood at AZN 84.211 million, loan portfolio at 66.686 million, deposit portfolio at 30.726 million, total equity capital at AZN 19 million, and authorized capital stock at AZN 16 million. Currently, Bank operates 11 branches across the country.

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