TuranBank grew in January-November of last year by 25.7%

As of December 1, 2012 TuranBank assets totaled 208.3 million manat, increasing by 25.7% compared to the beginning of the year and by 30% compared to the same period of 2011. At balance sheet date the loan portfolio totaled 158.7 million manat, which demonstrates the growth of the portfolio is 35.6% compared with the beginning of the year and by 34.8% in the same period of 2011.

In the period January-November 2012 portfolio of deposits increased by 13.4% compared with the beginning of the year and by 17% from the same period in 2011. In the structure of the deposit portfolio of term deposits amounted to 53.5 million manat, and there is 16.1% increase compared to the same period in 2011.

To date, the total capital "TuranBank" a comparison with the beginning of the year increased by 44.1%, while the same period of 2011 by 30.5% and amounted to 34.4 million manat. The authorized capital in the recapitalization has reached to 30 million manat which is characterized by growth of 36.4% compared to the beginning of the year.

The structure of the bank had 27 founders, 5 of which are legal (19.41%) and 22 individuals (80.59%).

On the results of the first 11 months of 2012, costs and revenues of TuranBank amounted to 17.2 million manats and 20.8 million manat. Net income for the period was 3.6 million manatov.-15D--