17:17 - 26.07.2021

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July 26, Fineko/abc.az. Turan Bank completed the 1st half of this year with profit of AZN 185,000 (83.4% or 6-fold less versus Jan-Jun 2020), ABC.AZ reports.

Over Jan-Jun of this year Turan Bank's earnings amounted to AZN 21.759 million (8.6% more year-on-year) and expenditures AZN 21.26 million (13.9% more), deductions to special reserves AZN 312,000 (21.9% more). The bank did not pay profit tax.

As of 1 July of this year Turan Bank’s assets amounted to AZN 602.95 million (15.4% more than a year ago). Of them, AZN 367.45 million are net loans given to customers. Over the past one year, the bank's loan portfolio increased by 7.7%.

Over the reporting period Turan Bank's liabilities grew by 15.8% up to AZN 517.03 million, including the deposit portfolio by 16.5% up to AZN 297.457 million and the balance sheet capital by 13.2% up to AZN 85.919 million, including the authorized capital by 14.3% up to AZN 80.005 million.