Turan Bank ends Q1 on loss

Turan Bank ends Q1 on loss
  • Clock-gray 08:41
  • calendar-gray 17 April 2018

As of April 1, 2018 Azerbaijan-based Turanbank’s assets stood at AZN 495.054 million, down 8.13% in comparison to a year earlier.


Bank says the loan portfolio dropped 0.73% to AZN 283.590 million, deposit portfolio fell 8.35% to AZN 224.753 million, liabilities slipped 9.21% to AZN 436.114 million.


Revenues amounted to AZN 8,053,000, expenditures to AZN 8,123,000.


Authorized capital remained unchanged at AZN 55,003,000, total capital descended by 0.4% to AZN 69.226 million.


The bank ended the first quarter on loss of AZN 216,000.


Other news