The assets of Turan Bank in 2016 compared to 2015 increased by 10 million 522 thousand manat or 2%, to 528 million 222 thousand manat.
By the end of 2016 the bank's liabilities amounted to 468 million 987 thousand manat, including customer deposits of 226 million 177 thousand manat.
The bank's capital grew by 20.9%, or 10 million 254 thousand manat to 59 million 235 thousand manat.
In 2016 the bank completed the year with a loss of 1 million 398 thousand manat. ----71D
Economics
-
An investigation led by Ghalib Toghrul, Chairman of the Board of the Center for Economic Research, has highlighted budgetary expenditures in the Azerbaijani districts of Aghdam, Fuzuli, and Khojavend, focusing on civil service projects linked to the reconstruction of territories liberated from Armenian occupation.
-
On February 4, Azerbaijani Economy Minister Mikayil Jabbarov met with a delegation of the International Monetary Fund (IMF) led by Anna Bordeaux, head of the IMF mission in Azerbaijan, to discuss economic cooperation, financial sector issues and structural reforms, the ministry said.
-
Azerbaijan Railways CJSC (AZD) transported 713,699 passengers in January 2025, marking a 15% increase compared to the same period last year, the company said on Tuesday.
-
Last week, Azerbaijani media reported an impending increase in retail bread prices, attributing the rise to an increase in product weight. The following day, an official notification confirmed that the government had no intentions of sanctioning a bread price hike in the country. However, the threat of a price increase for this staple food remains for another reason.
Leave a review