Credit Portfolio of Turan Bank Decreased by 2%

The assets of Turan Bank in the first nine months of 2016 compared to the beginning of the year decreased by 1.8% (9 million 689 thousand manat), amounting to 508 million 11 thousand manat.

The bank's capital during this period increased by 2% (1 million 102 thousand manat) to 54 million 402 thousand manat.

The bank's liabilities in the third quarter of this year were equal to 453 million 608 thousand manat.

The debt of Turan Bank to the Central Bank of Azerbaijan is 73 million 950 thousand manat.

The bank has 209 million 169 thousand manat of deposits, of which foreign currency deposits are 187 million 513 thousand manat.

The structure of deposits includes 37 million 849 thousand manat demand deposits of legal entities, 52 million 162 thousand manat of demand credits of individuals and 119 million 157 thousand manat of term deposits of individuals.

The bank's loan portfolio has decreased since the beginning of the year by 5 million 639 thousand manat (2%) and is 275 million 161 thousand manat, of which 15 million 301 thousand manat is problem loans. In general, the volume of bad loans in the total portfolio is 5.56%.

The loss of the bank for the first three quarters amounted to 1 million 105 thousand manat.    ----71D