TuranBank announced the results of the first quarter of 2024 (R) – 2024-04-20 07:56:43

by times news cr

2024-04-20 07:56:43

TuranBank, continuing to expand its activities in the financial sector of Azerbaijan, maintains its position in the market in terms of financial indicators for the first quarter of 2024.

As of April 1, 2024, compared to the same period last year, the total assets of TuranBank increased by 7.4 percent or 61 million manats and reached 883.7 million manats. Loans issued to clients increased by 9.1% or 50 million manats and reached 598.6 million manats. Following the strategic goals set during the reporting period, the bank further increased financing of micro, small and medium-sized enterprises. Thus, the volume of loans issued to clients increased by 13.5% or 75.7 million compared to the same period last year and amounted to 635 million manats. Loans issued to business clients of the bank increased by 15.7% or 50 million manats and amounted to 369.6 million manats. The total deposit portfolio compared to the same period last year increased by 0.7% or 3 million manats and amounted to 461.9 million manats, including deposits of individuals increased by 1.9% or 7.6 million manats, reaching 402.2 million manats, which indicates a high level of customer confidence in the bank.

Along with this, TuranBank, which constantly supports the development and financing of entrepreneurship, especially agriculture, and promotes the development of the private sector in our country, received an award at the III Agribusiness Development Forum in the category “Bank that made the greatest contribution to the growth of the competitiveness of microcredit in 2023 “.

During the reporting period, as part of the Corporate Social Responsibility program, TuranBank visited an animal shelter located in the Zagatala region and provided the animals with food, medicine and everything necessary, and also, to protect them from cold, snowy weather, installations were installed in front of all retail outlets. houses for stray cats and they were constantly provided with food and water. It is no coincidence that the bank was awarded by the Azerbaijan Banks Association (ABA) at the “Banking Awards 2023” event in the categories “Corporate Social Responsibility” and “Participation in the Self-Employment Program.”

Operating since 1992, TuranBank serves individual and corporate clients through 20 sales points. Additional information about the TuranBank service network throughout the country can be obtained by clicking on the link. Detailed information about the products and services provided by the bank can be obtained by calling the Information Center at (012) 935, as well as by visiting the official website of TuranBank or pages on social networks (Facebook, Instagram, etc.).

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