Azerbaijan, Baku, Feb.18. / Trend N. Ismayilova /
As of Feb.1, the Azerbaijani Turan Bank's assets hit 112.8 million manat increasing by 37.4 percent compared to the same period of 2009 and by 2.6 percent compared to early 2010, the bank said
As of Feb.1, 2010, the bank's loan portfolio made up 79.8 percent which is by 19.6 percent higher than the figure in January 2009 and by 2.4 percent compared to early 2010. The bank's income increased by 14.7 percent to 1.2 million manat. In this period, its balance profit hit 0.4 million manat, which is by 63.7 percent higher than the figure in the same period of 2009
Deposit portfolio increased by 38.9 percent compared to 2009, by 10.8 percent as of January and comprised 39.9 million manat
As of January, the aggregate capital increased by 2 percent, by 7.9 percent as of 2009 to 20.8 million manat and the authorized capital hit 17 million manat as of February.
The bank is also negotiating on connecting to the Gold Crown money transfer system to implement money transfers in RUR, Euro and the U.S. dollars in Russia, the CIS and foreign countries
The bank has 25 shareholders including five legal entities (21.8 percent) and 20 individuals (78.2 percent)
Presently, the bank has 11 branches and 21 currency exchanges in the country
Feb.18, the official exchange rate is 0.8034 manat to $1.
