Turanbank`s net profit has grown 5-fold


October 15, Fineko/abc.az. TuranBank has published the financial indicators for the first 9 months of 2019.

ABC.AZ informs that according to Bank’s report, TuranBank completed the reported term with net profit of AZN 329,000.

For comparison, the figure is 5 times more versus the same period of 2018.

Thus, Turanbank finished the first 9 month term of 2018 with net profit of AZN 65,000. The Bank links the net profit growth indicates a 2-fold decrease of reserves created for deposit and credit losses.

By Elmir Murad