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--
Economics
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The Turkish company Aksa Doğalgaz, part of Kazancı Holding, has announced the completion of the contractual process to purchase the gas distribution companies Bursagaz and Kayserigaz. These companies have been operating under SOCAR Türkiye Energy AS (STEAS) since 2019, according to Aksa Doğalgaz.
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Azerbaijan's Cabinet of Ministers has introduced new regulations establishing the minimum royalties for authors of state-commissioned films, aiming to promote creative works reflecting the country's national identity and cultural values.
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Tea imports to Azerbaijan have increased. According to the State Customs Committee, from January to November 2024, tea imports grew by 3.3% year-on-year to 12,893 tons in volume and by 4.5% in value, amounting to $67.715 million.
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Azerbaijan’s State Railways (ADY) reported a 28% year-on-year increase in transit cargo volumes through the North-South International Transport Corridor (NSTC) in 2024, reaching 814,000 tonnes. This growth underscores the country’s concerted efforts to unlock the strategic potential of the corridor, which connects Northern Europe and Russia to the Indian Ocean.
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