Azer-Turk Bank gets 49% growth in assets

Bank told APA-Economics that its loan portfolio expanded 65.92% during the first quarter to AZN 15,856,350.65.

As of April 1, the deposit portfolio increased 52.58% to AZN 18,930,807.90 and aggregate capital jumped 37.28% to AZN 18,727,409.71, including the nominal capital reaching AZN 6,970,000. The bank’s 1Q revenues rose 53.81% to AZN 1,180,728.92 while expenditures climbed 78.43% to AZN 828,573.61. The group’s 1Q net profit grew 16.11%, year-on-year, to AZN 352,155.31.

In 1995 AzerTurkBank was established by Turkish T.C.Ziraat Bankasi A.S. (46%), German Ziraat Bank International AG (4%), Azeri Agrarcredit (46%) and Turanbank (4%).