As of November 1, 2013 TuranBank assets totaled 237.33 million manat, increasing by 14.85 % compared with the same period in 2012 and by 9.33 % compared with the beginning of 2013. At the reporting date the loan portfolio amounted to 183.671 million manat, which demonstrates the growth portfolio 13.88 % compared with the beginning of 2013 and 18.09 % from the same period in 2012.
In the period January-October 2013 deposit portfolio and the volume of customer accounts amounted to 104.1 million manat. In the structure of the deposit portfolio of term deposits of individuals amounted to 57.536 million manat, which marked 32.6% increase, compared to the same period in 2012.
As of November 1, 2013 the shareholders' equity compared with the beginning of the year increased by 33.34% and reached AZN 40 million. During the reporting period, the aggregate capital reached 45.5 million manat, which is characterized by a 42.79 % increase compared to the beginning of the year and 33.79 % compared with the same period in 2012.
The structure of the bank's share capital comprises 27 founders, 5 of which are legal persons (23.84 %) and 22 are individuals (76.16 %).
By results of January-October 2013 , the bank's income with total expenditures amounting to 18,085 million manats totaled 22.7 million manat. The net income for the period amounted to 4.615 million manat. -15D -
Economics
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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.
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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.
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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.
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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.
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