TuranBank assets increased by 20.9%

As of August 1, 2013 TuranBank assets totaled AZN 229.134 million, an increase of 20.94% compared to the same period in 2012 and by 5.56% compared with the beginning of 2013. At the reporting date the loan portfolio amounted to 177.551 million manat, which demonstrates the growth of the portfolio by 10.1% compared with the beginning of 2013 and by 19.8% from the same period in 2012.

In the period January-July 2013 deposit portfolio and the volume of customer accounts increased by 4.9% compared to the same period in 2012 and amounted to 101.5 million manat. The structure of the deposit portfolio of term deposits amounted to 63.8 million manat, which is marked 23.9% increase compared to the same period in 2012.

As of 2013, August 1, the share capital of TuranBank in comparison with the beginning of the year increased by 33.34% and by 68.1% compared to the same period in 2012 and amounted to 40.1 million manat. During the reporting period, the aggregate capital reached 44,031 million manat, which is characterized by a 38.2% increase compared to the beginning of the year and by 64.8% compared to the same period in 2012.

The structure of the founders of the bank is 27, 5 of which are legal (23.84%) and 22 are individuals (76.16%).

According to the results of operations for January-July 2013, with total revenues TuranBank expenses in the amount of 12,377 million manats totaled 15,517 million manat. Net income for the period amounted to 3.14 million manat.

To date, there are 14 sales points (7 of which are located in regions: Ganja, Sumgait, Tovuz, Zagatala, Agstafa, Khachmaz and Kazakhstan) and 20 exchange rates.

TuranBank serves its customers through an extensive network of money transfer systems such as, WesternUnion, XpressMoney, Contact, Migom, Gold Crown, Privatmoney, Allure, Blizko, IBA-Express and Monex. -15D -