13.04.2009, 11:44
TuranBank’s Nur Branch Moved to New Address
OREANDA-NEWS. April 13, 2009. Previously located at 41 Khagani str., TuranBank’s “Nur” branch moved to new modern office at 61 Gara Garayev str. on April 10, 2009. This branch is one of 6 branches located in Baku.
Nur branch will offer all the banking services and prodecuts to both legal entities and individuals.
At present, TuranBank has 11 branches of which 5 are in regions and 6 are in Baku. According to new strategic plan adopted for the years 2008-2011, the bank will expanded its network of branches covering all major regions of Azerbaijan.
The Bank’s financials have also showed significant growth at the first quarter of 2009 compared to the same period of previous year. Total equity equaled 18,8 mln AZN with the growth of 23,9% whereas charter capital grew by 21,4% equaling 17 mln AZN. The Bank plans to reach this number to 20 mln manats by the end of this year. Assets’ and loan portfolio’s growth have been, 8% (equaling 80,6 mln AZN) and 15,1% (64,9 mln AZN respectively compared to the analogical period of year 2008.
Nur branch will offer all the banking services and prodecuts to both legal entities and individuals.
At present, TuranBank has 11 branches of which 5 are in regions and 6 are in Baku. According to new strategic plan adopted for the years 2008-2011, the bank will expanded its network of branches covering all major regions of Azerbaijan.
The Bank’s financials have also showed significant growth at the first quarter of 2009 compared to the same period of previous year. Total equity equaled 18,8 mln AZN with the growth of 23,9% whereas charter capital grew by 21,4% equaling 17 mln AZN. The Bank plans to reach this number to 20 mln manats by the end of this year. Assets’ and loan portfolio’s growth have been, 8% (equaling 80,6 mln AZN) and 15,1% (64,9 mln AZN respectively compared to the analogical period of year 2008.
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