Turan Bank ends Q1 on loss

Turan Bank ends Q1 on loss
# 17 April 2018 08:41 (UTC +04:00)

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.

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