OREANDA-NEWS. February 28, 2011. As of 31 January 2011 TuranBank’s assets totaled AZN 133.5 million with an increase of 1.6% compared with early 2011 and 18.4% versus 2010.

The Bank reports that by the reported date the balance of its loan portfolio was AZN 106.6 million (+2.5% since early 2011 and 33.6% against January 2010). This January TuranBank’s earnings totaled AZN 1.4 million (+16.8% versus the same month of 2010) and balance profit AZN 340,000.

During last month TuranBank’s proceeds reached AZN 1.4 million. This January’s deposit portfolio grew by 3.4% and by 14.3% versus the same period of 2010 up to AZN 45.7 million.

Time deposits made up AZN 33.4 million manat (+7.3% since early 2011 and by 33.7% against the 2010 same term). The Bank’s overall capital since the beginning of the year increased by 1.7% and 15.8% versus the 2010 relevant period up to AZN 24 million. TuranBank’s authorized capital reached AZN 20 million (17.6% against the same period of 2010).

The Bank numbers 25 shareholders, including 5 legal entities (21.51% of shares) and 20 individuals (78.49%). To date, the Bank has 11 branches (5 of them in regions: Tovuz, Zagatala, Ganja, Sumgait and Agstafa) and 19 currency exchange points. TuranBank serves customers in such urgent money transfer systems as Western Union, XpressMoney, Contact, Migom, Golden Crown, Privatmoney, Fast Mail, and Allure.