Bank Of Baku

Turanbank gets 16% rise in assets

Turanbank gets 16% rise in assets
# 17 February 2014 08:19 (UTC +04:00)

Baku. Agshin Rafigoglu – APA-Economics. As of February 1, 2014, Azerbaijan-based Turanbank’s assets stood at AZN 247.4 mln, up 15.6% from previous year.

 

Bank says loan portfolio rose 9.9% to AZN 178.2 mln.

 

Customer accounts and deposit portfolio made AZN 108.7 mln. Term deposits of the individuals soared 29.8% to AZN 61.9 mln.

 

As of February 1, 2014, the authorized capital stood at AZN 44 mln, up 46.7% in comparison to a year earlier. Total capital increased by 32.9% to AZN 51.1 mln.

 

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