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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The Central Bank of Azerbaijan (CBA) has approved the "Green Taxonomy," according to a decision by its Board of Directors on November 13.
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Azerbaijan's state oil and gas company, SOCAR, has signed a joint development agreement with Bulgaria’s "Asarel Energy," part of the Asarel Medet holding group. The agreement was signed on November 13 during the COP29 summit in the presence of the Presidents of Azerbaijan and Bulgaria, Ilham Aliyev and Rumen Radev.
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Saudi Electricity CEO Khalid Al-Hamidi and Baba Rzayev, Chairman of Azerbaijan's state-owned energy company Azerenergy, signed a memorandum of understanding (MoU) on Wednesday during the COP29 summit in Baku. The agreement, inked after a high-level meeting between Azerbaijan's Minister of Energy and his Saudi counterpart in the event’s Blue Zone, aims to enhance cooperation on integrating renewable energy into Azerbaijan’s power grid.
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The CEO of ICGB, the operator of the Greece-Bulgaria Interconnector (IGB), Theodor Georgieva, underscored the critical role of Azerbaijan and other gas suppliers to the European Union in the event of a potential cessation of Russian gas deliveries through Ukraine, speaking to journalists on the sidelines of COP29 in Baku.
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