OREANDA-NEWS. October 12, 2010.  As of 1 October 2010 TuranBank’s assets amounted to 127.5 million manats (USD 158.8 million) with rise of 16% since early 2010 and 25.8% against the same term of 2009.

According to the Bank, balance of its loan portfolio amounted to 95.5 million manats (USD 118.9 million) that is by 22.5% more against early 2010 and 35.6% versus the 2009 relevant period.

For Jan-Sept 2010 TuranBank’s earnings totaled 11.3 million manats (USD 14.1 million) that is by 28.4% more against last year’s same period. Bank’s balance profit reached 2.8 million manats (USD 3.5 million).

Over the last 9 months deposit portfolio rose by 25.7% compared with the beginning of the year and by 53.8% versus the relevant term in 2009 and reached 45.4 million manats (USD USD 56.6 million). The structure of the deposit portfolio consists of fixed-term deposits of individuals - 28.9 million manats (USD 36 million) with an increase of 28.3% since early 2010 and 60.9% compared with the same period of 2009.

During the reported period Bank’s overall capital increased by 8.3% against last year’s same term and up to 8.1% from early 2010 and reached 22 million manats (USD 27.4 million) by this October. In the process of recapitalization Turanbank’s authorized capital has reached 18.5 million manats (USD 23 million) with rise of 8.8% since the beginning of 2010.