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Turan Bank gets 24% rise in assets

Turan Bank gets 24% rise in assets

18 February 2013 14:22 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. As of February 1, 2013, Azerbaijan-based Turan Bank’s assets stood at AZN 214.1 mln, up 24.1% from year earlier.

Bank says loan portfolio made AZN 162.1 mln, up 0.4% from early 2013, 32.48% from 2012.

Deposit portfolio rose 0.5% compared with early 2013, 17.4% with 2012. Term deposits surged 9.2% to AZN 57.9 mln.

Total capital grew 1.33% to AZN 34.3 mln, authorized capital reached AZN 30 mln, up 36.4% from the beginning of 2013.

Incomes made AZN 2 mln, expenditures – AZN 1.5 mln. Balance profit stood at AZN 0.45 mln.

For present, the bank operates 12 branches (including 6 in regions) and 20 currency exchange points.

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