As of July 1, 2013 TuranBank assets totaled AZN 241.686 million, an increase of 25.75% compared to the same period in 2012 and 11.34% in comparison with the beginning of year 2013.
As reported in the bank's balance sheet date, the loan portfolio amounted to 177.298 million manat, which shows the growth of the portfolio by 9.93% compared with the beginning of the year 2013 and by 21.23% from the same period in 2012.
During January-June 2013 deposit portfolio increased by 4.4% compared with the beginning of the year and by 21.4% from the same period in 2012. The structure of the deposit portfolio of term deposits amounted to 51.8 million manat, which is marked 22.5% increase compared to the same period in 2012.
To date, the share capital of TuranBank in comparison with the beginning of the year increased by 33.34% and 68.05% compared with the same period in 2012 and amounted to 40.1 million manat. The total capital reached 43,549 million manat, which is characterized by a 36.64% increase compared to the beginning of the year and by 64.25% compared to the same period in 2012.
According to the results of operations for January-June 2013, the income of TuranBank with total expenditures in the amount of AZN 10.5 million was equal to 13.1 mln manats. Net income for the period amounted to 2.6 million manat. -15D -
Economics
-
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.
-
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.
-
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.
-
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.
Leave a review