Bank Of Baku

Turan Bank gets 23% year-on-year rise in assets

Turan Bank gets 23% year-on-year rise in assets
# 01 April 2009 10:33 (UTC +04:00)
Baku. Elnur Huseynguluev - APA-Economics. Turan Bank has posted its assets at AZN 82.3 million, up 23% on a year ago.
The bank said loan portfolio grew by 30% to AZN 69 million and deposit portfolio rose by 13% to AZN 23.6 million.
At the same time, total equity capital grew by 26.2% to AZN 19.5 million and authorized capital stood at AZN 16 million
Turan Bank, owned by 17 legal entities and 37 individuals, has been in operation since 1992.
Currently, Bank operates 11 branches across the country.
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