OREANDA-NEWS. February 16, 2010. This January TuranBank’s assets reached AZN 112.8 million with rise of 2.6% compared to early 2010 and 37.4% versus last January.

For the past month Bank’s loan portfolio balance totaled AZN 79.8 million with growth of 2.4% versus early 2010 and 19.6% against January 2009.

Bank’s earnings for January 2010 made up AZN 1.2 million with growth of 14.7% compared to last January.

Balance profit for the reported month reached AZN 400,000 that demonstrates a 63.7% rise versus January 2009.

This January’s depositary portfolio of TuranBank increased by 10.8% against early 2010 and 38.9% versus January 2009 and reached AZN 39.9 million.

Bank’s overall capital increased by 2% compared to early 2010 and by 7.9% versus last January and reached AZN 20.8 million as of 1 February 2010.

TuranBank’s charter capital for the past month reached AZN 17 million with 6.3% rise versus last January.

Currently the Bank is numbering 25 founder shareholders in its ranks, including 5 legal entities (equity stake of 21.8%) and 20 individuals (78.2%).

Today TuranBank has 11 branches (5 in regions: Tovuz, Zagatala, Ganja, Agstafa, and Sumgait) and 20 currency exchange offices.

The Bank conducts works on implementation of remittance system Golden Crown that enables to transfer money to any point of Russia, CIS and foreign countries in US dollars, Russian rubles and euro.

Operating in Azerbaijani financial sector for the last 17 years TuranBank renders now complex banking services both private persons and in corporate direction. Main advantage and strategic vision of the bank in the market is to render assistance to small and middle-sized entrepreneurship in the republic’s capital and regions.