As of September 1, 2013 TuranBank assets totaled AZN 237.111 million , an increase of 21.02% compared to the same period in 2012 and by 9.23 % compared with the beginning of 2013. At the reporting date the loan portfolio amounted to 181.2 million manat, which shows the growth of the portfolio to 12.35 % compared with the beginning of 2013 and to 21.51 % from the same period in 2012 .
In the period January- August 2013 deposit portfolio and the volume of customer accounts increased by 10.19 % compared to the same period in 2012 and amounted to 107.827 million manat. The structure of the deposit portfolio of term deposits amounted to 65.325 million manat, which is marked 27.9 % increase compared to the same period in 2012 .
As of September 1, 2013 the authorized capital of the bank from the beginning of the year increased 33.34% and by 68.1 % compared to the same period in 2012 and amounted to 40 million manat. During the reporting period, the aggregate capital reached 44,506 million manat, which is characterized by a 39.7 % increase compared to the beginning of the year and by 64.23 % 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 - August 2013 , the income of the bank with total expenditures in the amount of 14,178 million manats totaled 17,792 million manat . Net income for the period amounted to 3.614 million manat. -15D -
Economics
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Azerbaijani Economy Minister Mikail Jabbarov and Belarusian Deputy Foreign Minister Igor Nazaruk have met to discuss the creation of joint production enterprises as part of a broader effort to strengthen economic ties between their countries.
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Azerbaijan, Georgia, Romania, and Hungary have signed a joint stock agreement in Bucharest on Tuesday to establish a joint venture (JV) for the implementation of the Black Sea Submarine Cable (Black Sea Energy) project. The initiative aims to create a green energy corridor connecting Azerbaijan to Europe.
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The revenues of the State Oil Fund of the Republic of Azerbaijan (Sofaz) from the “Azeri-Chirag-Gunashli” (ACG) field block decreased by 9.6 percent during the first eight months of this year, according to data published by Sofaz.
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Azerbaijan's Agrarian Subsidy Council has announced the new crop coefficients, seed and seedling quotas, and planting requirements for 2025, in a decision aligned with the "Rules for Subsidizing Agricultural Production" as per the Decree of President Ilham Aliyev issued on June 27, 2019.
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