Assets of ​Turan Bank increased by 39% in 2015

Baku. 20 November. REPORT.AZ/ The total assets of Turan Bank on an annualized basis have increased by 53% in comparison with the beginning of the year by 39% and on November 1, 2015 amounted to 445.5 million AZN.

Report informs citing the bank, the loan portfolio grew by 15% since the beginning of the year by 14% up to 251.9 million AZN.

The deposit portfolio of the bank and customer accounts over the same period last year have increased by 50% since the beginning of the year by 41% to 203.1 million AZN. The structure of the deposit portfolio volume of term deposits of individuals compared with the same period last year grew by 28.3%, from the beginning of the year - 21.7% and amounted to 87.8 million AZN.

On November 1, the bank's authorized capital has increased by 6% to 50 million AZN, total capital has increased to 53.2 million AZN.

In January-October of this year, revenues of Turan Bank totaled 29.8 million AZN, expenses - 29.1 million AZN. The bank's profit for the period amounted to 650,000 AZN.