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Turanbank doubles troubled loans

15 November 2016 08:11 (UTC +04:00)

Baku – APA-Economics. In the third quarter of 2016, Turanbank’s assets stood at AZN 508.011 million, up 9.74% from previous year.

Bank says the loan portfolio rose 5.27% to AZN 275.162 million, overdue credits increased 1.77 times to AZN 15.302 million (5.56% of loan portfolio), consumption loans declined 34.59% to AZN 19.878 million, mortgage loans grew 44.42% to AZN 41.271 million, deposit portfolio ascended 0.78% to AZN 209.169 million, personal savings surged 39.94% to AZN 171.320 million.

Total capital advanced 19.86% to AZN 64.083 million, authorized capital remained unchanged at AZN 50,002,500.

Revenues dropped 2.73 times to AZN 9.731 million, expenditures fell 2.93 times to AZN 8.919 million.

In January-September of 2016, the profit amounted to AZN 160,000.