Turanbank gets 12% rise in assets

Turanbank gets 12% rise in assets
# 11 December 2013 14:10 (UTC +04:00)

Baku. Nail Huseynli – APA-Economics. As of December 1, 2013, TuranBank assets was 242,823 million AZN increasing by 16,59% compared to the analogical period of 2012 and 11,86% compared with the beginning of 2013. At balance sheet, the loan portfolio totaled 181,893 million AZN demonstrating portfolio growth of 12,78% compared with the beginning of 2013 and 14,63% the analogical period of 2012.

In the period of January-November, 2013, deposits portfolio and clients' accounts was 109,3 million AZN. In the structure of the deposit portfolio, the term deposits of individuals amounted to 57,884 million AZN as indicated 32,2% increase compared to the analogical period of 2012.

Currently, the authorized capital of TuranBank reached to 40 million AZN increasing by 33,34% in comparison with the beginning of this year. The total equity has reached to 45,769 million AZN, which is characterized growth by 43,61% compared to the beginning of the year and by 33% in comparison with the analogical period of 2012.

Following the results of operations for the months of January - November, 2013, the income of TuranBank at expenses of 20,234 million AZN is 25,110 million AZN. Net income for the reporting period amounted to 4,876 million AZN.

The bank has 27 shareholders, 5 of which are legal (23,84%) and 22 individuals (76,16%).

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