As of March 1, 2013 assets of TuranBank totaled 218.8 million manat, increasing by 28.2% compared to the same period of 2012. At balance sheet date the loan portfolio amounted to 163.6 million manat, which is 1.3% more than at the beginning of 2013 and by 29.2% than in the same period in 2012.
In January-February 2013, the portfolio of deposits increased by 3.8%, while compared to the same period in 2012 by 20.5%. In the structure of the deposit portfolio of term deposits amounted to 58.2 million manat, increasing by 8.6%.
Aggregate capital of TuranBank in comparison with the beginning of the year increased 2.8% to 34.8 million manat. The authorized capital from the beginning of the year increased 36.4% reaching the level of 30 million manat.
By results of January-February 2013, the revenues and expenses of the bank were respectively 4 million and 3.1 million manat. Balance sheet profit for the period was 0.93 million manat. - 15D -
Economics
-
The State Oil Company of Azerbaijan (SOCAR), Albania’s Ministry of Infrastructure and Energy, and Albanian gas company Albgaz signed a memorandum of understanding (MoU) on Sunday in Baku during the 29th session of the UN Climate Change Conference (COP 29).
-
The Green Energy Corridor project, aimed at delivering green energy from Azerbaijan through Georgia and the Black Sea to Romania, Hungary, and Bulgaria, has entered the investment assessment phase, according to Georgian Deputy Prime Minister and Minister of Economy and Sustainable Development, Levan Davitashvili.
-
Azerbaijan’s state oil company SOCAR and Italy’s Italgas signed a cooperation agreement on Sunday during the 29th session of the United Nations Framework Convention on Climate Change (COP29), aimed at accelerating the energy transition.
-
Turkey aims to achieve carbon neutrality by 2053, transforming key sectors of its economy in line with a vision of "net-zero emissions and green development," President Recep Tayyip Erdogan announced at COP29 in Baku on Monday.
Leave a review