TuranBank gets profit in third quarter of 2015

TuranBank gets profit in third quarter of 2015
# 30 October 2015 09:00 (UTC +04:00)

Baku. Yegane Lachinzade - APA-Economics. TuranBank’s assets in the third quarter of 2015 made AZN 462.922 mln, up 64.96% in annual comparison.

Bank says the loan portfolio rose 21.4% to AZN 261.387 mln, deposit portfolio surged 78% to AZN 207.540 mln, total capital fell 2.96% to AZN 53.467 mln, authorized capital surged 6.38% to AZN 50,002,500.

During the period, overdue credits decreased 5.32% to AZN 8,666.000 and made 3.32% of the loan portfolio.

In the reporting period, consumer loans of the bank went down 5.04% to AZN 30,391.000 and mortgage loans droops 3.5% to AZN 28,575.000.

Incomes grew 9.54% to AZN 26.582 mln, expenditures advanced 40.15% to AZN 26.140 mln.

Profit amounted to AZN 442,570.

The bank operates 14 branches, 23 ATMs and 160 POS-terminals across the country.

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