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
-
On July 26, the Ministry of Economy hosted a meeting with entrepreneurs from the non-oil industry to explore ways to stimulate local production and enhance export potential.
-
Azerbaijani internet service providers Aztelekom and Baktelekom will introduce substantial changes to their pricing structure starting August 15, the companies announced today. Under the new tariffs, the minimum internet speed will rise to 100 Mbit/s, with the cost per Mbit/s decreasing from 0.45 AZN to 0.25 AZN. As a result, monthly charges will be set at 25 AZN for 100 Mbit/s, 30 AZN for 150 Mbit/s, and 36 AZN for 250 Mbit/s.
-
Independent experts suggest that Azerbaijan may be on the verge of another devaluation of its currency, the manat, due to a shrinking trade and payment surplus. The anticipated economic adjustments come amidst a decline in foreign currency inflows and reduced oil production.
-
Azerbaijan’s Foreign Minister Jeyhun Bayramov met today with Ahmed Moallim Figi, the Minister of Foreign Affairs and International Cooperation of Somalia, at the Azerbaijani Foreign Ministry. This meeting followed a discussion held the previous day between Figi and Azerbaijan’s Economy Minister Mikail Jabbarov.
Leave a review