Finance

Finance

Turanbank gets 26% growth in assets

09 July 2013 13:22 (UTC +04:00)

Baku. Vahab Rzayev - APA-Economics. As of July 1, 2013, Azerbaijan-based Turanbank’s assets stood at AZN 241.686 mln, up 25.8% from previous year, 11.3% - from early 2013.

Bank says the loan portfolio made AZN 177.298 mln, up 9.9% from a year earlier, 21.2% - from the beginning of this year.

Deposit portfolio soared 21.4% compared to a year earlier, 4.4% - from the beginning of this year, including term deposits were equal to AZN 51.8 mln by rising 22.5% by contrast to the previous year.

Authorized capital stood at AZN 40.1 mln, up 33.3% from early 2013, 68.1% - from a year ago. In comparison with the beginning of 2013 and a year earlier, total capital relevantly increased by 36.6% and 64.3% to AZN 43.549 mln.

Incomes made AZN 13.126 mln, expenditures – AZN 10.469 mln. 6-month balance profit was equal to AZN 2.657 mln.