Turan Bank gets 12% rise in overdue credits

Turan Bank gets 12% rise in overdue credits
# 26 January 2015 13:57 (UTC +04:00)

Baku. Musa Ahmadov - APA-Economics. As of January 1, 2015, Azerbaijan-based Turan Bank’s assets stood at AZN 322.431 mln, up 28.47% from previous year.

Bank says the loan portfolio rose 22.18% to AZN 224.782 mln, consumption loans slipped 38.24% to AZN 31.360 mln, mortgage loans raised 23.63% to AZN 27.409 mln (AZN 16.399 mln or 59.83% given through AMF), and overdue credits grew 12.09% to AZN 7.298 mln.

Deposit portfolio advanced 36.26% to AZN 126.779 mln, personal savings went up 23.02% to AZN 98.473 mln.

Total capital increased 9.12% to AZN 55.092 mln, authorized capital gained 6.82% to settle at AZN 47.002 mln.

Incomes soared 20.62% to AZN 33.346 mln, expenditures surged AZN 18.29% to AZN 27.745 mln.

Profit made AZN 5.602 mln.

The bank operates 13 branches, 22 ATMs and 162 POS-terminals across the country.

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