The assets of Turan Bank last year made AZN 536.2 million (+ 63% per year).
According to the report, the bank’s deposit portfolio by January 1 was at the level of AZN 216.7 million (+ 71%), most of it made up the population's deposits - AZN 181.1 million (+ 83.9%).
Almost a third (+ 29.3%) increased the total loan portfolio - up to 290.5 million manat.
Shareholders' equity decreased by 3.4% - to 53.2 million manats, while the share capital rose by 6.4% to 50 million 2.5 thousand AZN.
The bank fulfilled the financial cycle with a net profit of 54 thousand manats.
Turan Bank has been operating under the license of the Central Bank of Azerbaijan since June 1992. Its shareholders are 20 legal entities and individuals. --17D-
Economics
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Azerbaijan’s Information and Communication Technologies Agency (ICTA) held a meeting with representatives of internet service providers (ISPs) and telecom operators to address concerns over the accuracy of reported internet speeds and the country’s ranking in global broadband performance indices.
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Bulgaria considers Azerbaijan a key strategic partner in the energy sector, as the country plays a crucial role in diversifying gas supplies and strengthening regional energy security, Bulgaria’s newly appointed Energy Minister Jecho Stankov said during a meeting with an Azerbaijani delegation.
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Rovshan Najaf, president of Azerbaijan’s state oil company SOCAR, met with Majid Jafar, CEO of Crescent Petroleum, on February 6 to discuss potential avenues for collaboration in the energy sector. The meeting marked an important step in strengthening ties between the two companies, with both sides exchanging insights on their respective operations and assessing opportunities of mutual interest.
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