Bank Of Baku

Turanbank sees rise in overdue credits

Turanbank sees rise in overdue credits
# 25 April 2014 15:33 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. As of April 1 2014, TuranBank’s assets amounted to AZN 285.880 mln, up 23.4% from the previous year.

 

Bank says the loan portfolio increased by 8.3% to AZN 181.855 mln, consumer lending amounted to AZN 42.64 mln, up 5.7% in comparison to a year earlier.

 

Bank’s mortgage loans increased by 62.9% to AZN 24.794 mln (AZN 15.241 mln through AMF).

 

Overdue credits rose 37.4% to AZN 7.971 mln, deposit portfolio soared 34.3%, to AZN 130.023 mln, personal savings surged 40.3% to AZN 86.342 mln.

 

The total capital grew 46.3% to AZN 51.541 mln, whie authorized capital has went up 46.7% to AZN 44,001,700.

 

Incomes rose 19.2% to AZN 7.396, expenditures raised 11.7% to AZN 5.747 mln.

 

Profit stood at AZN 1,921,800.

 

For the present, the bank opeartes 12 branches, 21 ATMs adn 180 POS-terminals across the country.

 

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