Turanbank, one of the country’s leading banks, in the fourth quarter of 2022 retained its market position on financial indicators. The bank, which continues to actively support the real sector, completed the 2022th year with a profit of 1.9 million manat.
According to the results of the IV quarter of 2022, the total assets of Turanbank increased by 14.8% or 105.9 million manat compared to the same period last year and amounted to 820.8 million manat. Including by 25.7% or by 112.1 million manat, loans issued to customers increased. They amounted to 548.5 million manat.
The volume of Turanbank deposits, which has always adhered to the principles of reliability, has also increased. So, in the IV quarter of 2022, the total deposit portfolio increased by 2.8% or 11.8 million manat compared to the same period last year, amounting to 429.3 million manat. And deposits of individuals increased by 27.3% or 70.3 million, reaching 327.9 million manat. The bank has sufficient capital reserves for sustainable development.
During the IV quarter of 2022, Turanbank continued to actively work with international financial institutions to support the real sector. Thus, Turanbank and the prestigious financial organization Incophine investment fund signed a credit agreement worth 5 million US dollars in order to expand financing of micro, small and medium-sized enterprises (MMSP).
Along with this in 2022, Turanbank successfully developed partnerships with other international financial institutions in the direction of attracting credit lines for institutional development and financing of business entities. The bank seriously supported the sustainable development of the NENEFTER sector, cooperating with authoritative financial institutions, such as the Black Sea Bank of Trade and Development, the International Financial Corporation (IFC), the European Bank of Reconstruction and Development (EBRD), Islamic Private Sector Development Corporation (ICD), EMF microfinancing Fund , Bank of Trade and Development of the OEC (ECO TDB), SPARKASSESENSTIFTING, etc. According to small and medium -sized businesses.
Turanbank, which has been working since 1992, has served private and corporate customers at 18 points of sale. By clicking on the link you can get detailed information about the Turanbank service network. You can get detailed information about the products and services provided by the bank by calling the information center (012) 935 by visiting the official website of Turanbank or pages on social networks ( facebook , instagram and others).