Turan Bank finishes 1st half of 2019 with profit


July 15, Fineko/abc.az. Turan Bank’s total assets amounted to AZN 510.9 million as of 1 July 2019.

With reference to Bank’s financial statements, it is reported that the indicator is by 3.7% more versus the figure by 1 July 2018.

The net loans total AZN 319.759 million. Over the past year Bank's loan portfolio increased by 17%.

During the reporting period TB’s total liabilities grew by 1.9% up to AZN 441.656 million, including the deposit portfolio by 15% up to AZN 260.926 million. The total capital increased by 16.4% up to AZN 69.277 million, including authorized capital by 18.2% up to AZN 65.005 million.

For Jan-Jun 2019 Bank's revenues amounted to AZN 17.96 million (5.8% more against the 2018 same tern), expenditures AZN 17.876 million (11.2% more), savings on allocations to special reserves AZN 65,000 (the reserve was created a year ago). As a result, the Bank completed the 1st half of the year with profit of AZN 150,000. This is 26.8% less than a year ago.