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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On 21 December, Russian Transport Minister Roman Starovoit met with Azerbaijani Minister of Digital Development and Transport Rashad Nabiyev at the Russian Ministry of Transport.
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Hundreds of trucks are stuck in the Kazakh port of Kuryk, facing delays for several days while waiting for ferry transport to Azerbaijan, the Azakhstan portal reports lada.kz. The backlog is due to a combination of reduced ferry availability, adverse weather conditions, and an influx of cargo rerouted because of expanded sanctions on Russia.
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Members of the Association of Independent Industrialists and Businessmen (MÜSIAD) have invested 61.3 million manats in Azerbaijan's economy over the past three years, Rashad Jabirli, chairman of "MÜSIAD Azerbaijan," revealed during a media briefing.
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While the global economy faces persistent challenges, trade between China and Azerbaijan has defied downward trends, demonstrating significant growth. According to official statistics from Azerbaijan, bilateral trade in 2023 reached 3.1 billion US dollars. In just the first ten months of 2024, trade volume increased by 17.1% year-on-year, reaching 3.02 billion US dollars, putting the annual trade figure on track to hit a record high.
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