OREANDA-NEWS. July 21, 2011. As of 1 July 2011 TuranBank’s assets totaled AZN 154.5 million increasing by 17.5% since the start of the year and by 27.6% versus last year’s same term. The bank informs that for the reported period the surplus of the bank’s credit portfolio made AZN 116 million (+11.6% by beginning of the year and 33% versus last year’s same term).

Over January- June 2011 the bank’s credit portfolio increased by 35.6% and made AZN 60 million. Urgent deposits in its structure made AZN 38.7 million (+20.8% be early 2011 and +35.8% versus last year’s same term).

Since the start of the year TuranBank’s aggregated capital increased by 5% and compared to last year’s same term – by 13,.% and reached AZN 24.8 million. The bank’s equity capital reached AZN 22 million (+10% by early 2011 and +18.9% versus last year’s same term). The bank has 26 founders, 5 of whom are legal entities (21.54% of shares) and 21 individuals (78.46%).

Over January-June TuranBank’s revenues reached AZN 9.1 million (+24.8%) with expenditures for AZN 7 million. Balance profit for the reported period was AZN 2.02 million through 6.2% increase by last year’s same term).

At present the bank has 11 branches (5 of which are located in regions: Tovuz, Zagatala,         Ganja, Agstafa and Sumgait) and 20 exchange offices operating.