The assets of JSC Turan Bank at the end of last year amounted to 320.1 million manat (+ 31% as of 1 January 2014).
The bank's loan portfolio by the end of the last cycle was equal to 220.6 million manat (+ 24%) at the level of the deposit portfolio of 143.9 million manat (+ 33%) and the contributions of the population of 72.2 million manat (+17.7%).
The equity capital is 55.1 million manat (+ 14%) and the share capital is 47 million manat (+ 7%).
The net profit of the financial structure is 5 million 601 thousand manat.
JSC Turan Bank began operations in June 1992. Its shareholders are 6 legal entities (29.11%) and 22 individuals (70.89%). --17D-
Economics
-
Azerbaijan's financial standing continues to strengthen as the country's foreign currency reserves have surged to $71 billion as of January 1, 2025, according to the Ministry of Finance. This figure, which includes reserves held by the State Oil Fund of Azerbaijan (SOFAZ) and the Central Bank of Azerbaijan (CBA), far exceeds the nation's external debt, which stands at a fraction of its reserves, specifically nearly 14 times less. This robust reserve position reflects Azerbaijan's fiscal stability and the government’s strategic economic management.
-
According to operational data from the Ministry of Energy of Azerbaijan, in January 2025, the country produced 2.3 million tons of oil, including condensate, and 3.9 billion cubic meters of gas.
-
The State Oil Company of Azerbaijan (SOCAR) has opened a representative office in Albania and is set to launch a specific project this year, the Albanian company "Albgaz" announced.
-
"Azerbaijan is currently among 54 middle-income countries," said Shahmar Movsumov, head of the Economic Affairs and Innovative Development Policy Department of the Presidential Administration, during the presentation of the World Bank’s World Development Report 2024 in Baku on February 10.
Leave a review