Finance

Finance

TuranBank assets increased by 13.72%

21 January 2014 10:37 (UTC +04:00)

Baku. Nail Huseynli - APA-Economics. As of December 31, 2013, TuranBank assets was 246.864 million AZN increasing by 13.72% compared to 2012. At balance sheet, the loan portfolio totaled 180.247 million AZN demonstrating portfolio growth of 11.76% compared with the 2012.

In 2013, deposits portfolio and clients' accounts made 108.2 million AZN. In the structure of the deposit portfolio, the term deposits of individuals amounted to 61.344 million AZN as indicated 23.5% increase compared to the 2012.

The authorized capital reached to 44 million AZN increasing by 46,67% in comparison with the beginning of this year. The total capital reached to 50,489 million AZN, which is characterized growth by 49,3% compared to 2012.

Following the results of operations for 2013, the income of TuranBank at expenses of 22,518 million AZN is 27,646 million AZN. Profit of the bank for 2013 amounted to 5,128 million AZN and net profit was 4,191 million AZN.