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Turanbank gets 33% rise in assets year-on-year

Turanbank gets 33% rise in assets year-on-year

10 May 2013 10:24 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of May 1, 2013, assets of Turanbank made AZN 230.1 mln (+6%).

During the reporting period, loan portfolio of the bank grew by 22.7% to AZN 170.2 mln. Total capital rose 18.2% to AZN 37.7 mln. Authorized capital reached AZN 35 mln (+47%). The structure of the bank’s authorized capital consists of 27 shareholders, 5 legal entities and 22 individuals.

In January-April of 2013, incomes of Turanbank made AZN 8.5 mln, expenses –AZN 6.8 mln.

At present time, the bank operates 14 points of sale and 20 currency exchange offices.

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