OREANDA-NEWS. April 13, 2009. TuranBank’s financials have showed significant growth at the first quarter of 2009 compared to the same period of previous year. Total equity equaled 18,8 mln AZN with the growth of   23,9% whereas charter capital  grew by  21,4% equaling 17 mln AZN. The Bank plans to reach this number to 20 mln manats by the end of this year.  Assets’ and loan portfolio’s growth have been, 8% (equaling 80,6 mln AZN) and 15,1% (64,9 mln AZN respectively compared to the analogical period of year 2008.

The Bank has also experienced growth of Total revenues ( 52,1%? Equaling 4,2 mln AZN). Furthermore? Customer portfolio, plastic cards emitted, POS- terminals and currency exchange offices have growth by 9,3%, 5,5%, 14,1%, 53,3% respectively.
 
At present, TuranBank has 11 branches of which 5 in regions and 6 in Baku. According to new strategic plan adopted for the years 2008-2011, the bank will expanded its network of branches covering all major regions of Azerbaijan.