TuranBank sees 29% growth in assets last year

TuranBank sees 29% growth in assets last year
# 14 February 2013 12:28 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of January 1 2013, Turanbank’s assets made AZN 221.441 mln (+29.3%).

During the reporting period, loan portfolio rose 34.5% to AZN 163.618 mln, consumer loans stood at AZN 33.794 mln, up 43.2% from the beginning of the year. Overdue credits dropped 27.9% to AZN 5.802 mln. Share of overdue credits in total loan portfolio decreased by 3.0 percentage to 3.6%.

Deposit portfolio soared 22.7% to AZN 90.451 mln. Population deposits stood at AZN 57.903 mln (+15.2%).

Total capital rose 30% to AZN 33.824 mln, authorized capital grew by 36.4% to AZN 30 mln.

The number of customers increased by 43.0% to 38,524, individuals grew by 43.8% to 37,772, legal entities soared 11.6% to 752. The number of plastic cards was equal to 11,452 as of January 1 2013. Debit cards rose 20.4% to 9,748, credit cards grew by 10.6% to 1,704.

At present, the bank operates 12 branches, 20 ATMs, 261 POS-terminals and 327 employees across the country.

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