As of April 1, 2013 TuranBank assets amounted to 227.8 million manat, increasing by 29.2% compared to the same period in 2012. At the reporting date the loan portfolio amounted to 166.4 million manat, which shows the growth of the portfolio by 3.2% compared with the beginning of the year 2013 and by 22.8% from the same period in 2012.
In the period January-March 2013 deposit portfolio increased by 6.3% compared with the beginning of the year and 21% from the same period in 2012. The structure of the deposit portfolio of term deposits amounted to 58.3 million manat, which is marked 15.2% increase compared to the same period in 2012.
To date, the total capital "TuranBank" a comparison with the beginning of the year increased by 10.4% and amounted to 35.2 million manat. The authorized capital of the bank in the process of recapitalization has reached to 30 million manat which is characterized by a 26% increase compared to the same period in 2012.
The structure of the founders of the bank is 27, 5 legal entities (19.41%) and 22 individuals (80.59%).
According to the results of operations for January-March 2013, the income TuranBank with total expenditure of 4.9 million manats totaled 6.2 million manat.
Net income for the period amounted to 1.3 million manat. -15D -
Economics
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Azerbaijan’s rice imports have surged as domestic production struggles to meet growing demand, underscoring the country’s reliance on foreign suppliers. Despite government initiatives to boost output, local production remains stagnant, with only 10,000 tons expected in the 2024-2025 season, while imports reached 55,961 tons between January and October 2024.
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Azerbaijan and Pakistan have signaled a growing commitment to deepen energy cooperation, with a focus on renewable energy initiatives, as Azerbaijani Energy Minister Parviz Shahbazov hosted a delegation led by Pakistani Federal Minister Abdul Alim Khan in Baku on January 30.
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Oil from Kazakhstan's largest field, Kashagan, has begun flowing into the Baku-Tbilisi-Ceyhan (BTC) pipeline. According to information from SOCAR, the first batch of this oil was received at the Sangachal terminal on January 27 and will be transported via BTC to the port of Ceyhan.
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Azerbaijan is accelerating the implementation of its socio-economic development strategy, focusing on digital transformation and strengthening cybersecurity. The government is allocating resources to human capital development, prioritizing the training of cybersecurity professionals, said Farid Osmanov, Chairman of the Board of the Innovation and Digital Development Agency, on January 30 during the fourth “Graduation Day” of the Azerbaijan Cybersecurity Center (AKM).
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