OREANDA-NEWS. December 14, 2010. As of 1 December 2010 TuranBank’s assets amounted to 125.2 million manats with rise of 13.9% since early 2010 and 20.7% against the same term of 2009.

According to the Bank, balance of its loan portfolio amounted to 99.8 million manats that is by 28.1% more against early 2010 and 31.6% versus the 2009 relevant period.

For Jan-Nov 2010 TuranBank’s earnings totaled 14 million manats that is by 28.5% more against last year’s same period. Bank’s balance profit reached 3.4 million manats (+25.5%).

Over the last 11 months deposit portfolio rose by 12.2% compared with the beginning of the year and by 17% versus the relevant term in 2009 and reached 40.5 million manats. The structure of the deposit portfolio consists of retail customers’ fixed-term deposits - 30.1 million manats with an increase of 33.1% since early 2010 and 40.5% compared with the same period of 2009.

During the reported period Bank’s overall capital increased by 9.2% against last year’s same term and up to 10.5% from early 2010 and reached 22.7 million manats by this December. In the process of recapitalization Turanbank’s authorized capital has reached 18.5 million manats with rise of 8.8% since early 2010.

The Bank has already announced of an issue of shares for 1.5 million mantas, full placement of which will increase its equity capital up to 20 million manats.