OREANDA-NEWS.  January 17, 2012.  As of 31 December 2011 TuranBank’s assets made AZN 173.3 million rising by 31.9% last year.

The bank reports that for the reported date its credit portfolio balance made AZN 121.6 million (+16,9% versus 2010). Deposit portfolio increased by 66,8% and made AZN 73.7 million. Urgent deposits in it amounted to AZN 40.7 million increasing by 27.1%.

Last year the Bank’s aggregated capital rose by 9.8%- up to AZN 26 million. Equity capital made AZN 22 million (+10%). At that 5 legal entities owned 21.54% of shares and 21 individuals- 78.46%.

In 2011 TuranBank’s revenues made AZN 18.7 million (+20.6%) and expenditures- AZN 15.1 million. The bank’s balance profit amounted to AZN 3,6 million (+5.8%).

At present the banks has 12 branches operating in the country (6 of them are located in regions : Ganja, Sumgait, Tovuz, Zagatala, Agstafa and Khachmaz) and 20 exchange offices.

TuranBank serves its clients on wide network of urgent money transfer system such as Western Union, XpressMoney, Contact, Migom, Zolotaya Korona, Privatmoney, Bistraya Pochta, Allur and  Blizko.

In 2011 the Bank actively cooperated with international institutions as during the reported year he connected to second risk management project and third " Banking for small and medium-size entrepreneurship " project , implemented by IFC. 2011 was successful year for the bank  in the sphere of cooperation with international financial institutions. The bank drew IFC, ICD, MicroVest, Bank im Bistun Essen,         Black Sea Trade and Development Bank’s resources.

" Having been working for 20 years TuranBank provides complex bank services to both individuals and corporate sector. Main advantage and strategic vision of the bank at the market is to provide support to small and medium-size entrepreneurship in the capital and regions",- the report says.