OREANDA-NEWS. February 20, 2009. TuranBank OJSC has summed up activity results in January 2009.

The Bank informs that compared with 2008, in January 2009 deposit portfolio increased by 98.2% and totaled AZN 28.8 million. The share of population’s deposits rose by 101.9% up to AZN 24.6 million.

“As of 1st February 2009 Bank’s assets made up AZN 81.2 million with annual growth of 35.4%,” TuranBank reported.

For the passed year the Bank increased credit portfolio up to AZN 66.7 million that is by 36.5% more against the 2007 same indicator.

“For the reported period Bank’s overall capital rose by 37.2% and totaled AZN 19.3 million. Despite its charter capital conformed to the National Bank’s current minimum requirement TuranBank continued the process of its recapitalization and in November 2008 announced its increase up to AZN 16 million,” it was informed.

Bank’s revenues by 1st February reached AZN 1.4 million that is more than the last year’s same term by 67.2%.

“In the structure of revenues the highest growth related to revenues from currency exchange transactions – 219.3%,” it was informed.

Compared to February 2008, TuranBank registers significant growth on money transfers, the level of which grew by 67% and reached AZN 6.2 million.

The growth was also observed on quantity of POS terminals, the quantity of which was increased from 52 up to 73 ones. The quantity of clients grew by 40.4%.

Today TuranBank is numbering 11 branches, including five in regions: Tovuz, Zagatala, Ganja, Agstafa, and Sumgait.