Turanbank gets 21% rise in assets

Turanbank gets 21% rise in assets
# 14 August 2013 08:34 (UTC +04:00)

Baku. Vahab Rzayev – APA-Economics. As of August 1, 2013, assets of Turanbank made AZN 229.134 mln (+20.9%).

During the reporting period, loan portfolio of the bank grew by 10.1% to AZN 177.551 mln.

At the same time, customer accounts and deposit portfolio grew by 4.9% to AZN 101.5 mln. Term deposits in the structure of deposit portfolio soared 23.9% to AZN 63.8 mln.

As of August 1, 2013, authorized capital rose 68.1% to AZN 40 mln. Total capital rose 64.8% to AZN 44.031 mln.

The bank has 27 shareholders.

In January-July, 2013, Turanbank’s incomes stood at AZN 15.517 mln, expenses – AZN 12.377 mln. Balance profit of the bank made AZN 3.14 mln during the reporting period.

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