TuranBank reported in January

As of February 1, 2013 TuranBank assets totaled 214.1 million manat, increasing by 24.1% compared to the same period of 2012. At balance sheet date the loan portfolio totaled 162.1 million manat, which demonstrates the growth of the portfolio by 0.4% compared to the beginning of the year 2013 and to 32.48% from the same period in 2012.

In the period January 2013 portfolio of deposits increased by 0.5% compared to the beginning of the year and by 17.4% from the same period in 2012. In the structure of the deposit portfolio of term deposits amounted to 57.9 million manat, and there is 9.2% increase compared to the same period in 2012.

To date, the total capital of TuranBank in comparison with the beginning of the year increased 1.33% to 34.3 million manat. The authorized capital in the recapitalization has reached to 30 million manat, which is characterized by a 36.4% increase 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%).

Following the results of operations for January 2013, the costs of TuranBank were AZN 1.5 million and the income was AZN 2 million.

The net income for the period amounted to 0.45 million manat. -0--