TuranBank OJSC, one of the leading banks in the country, has announced the results of its activities for the first quarter of 2021. Despite the COVID-19 pandemic and the resulting fluctuations in domestic and foreign markets, the contraction in the country's economy, the Bank ended the first quarter of 2021 with positi
Despite the COVID-19 pandemic and the resulting fluctuations in domestic and foreign markets, the contraction in the country's economy, the Bank ended the first quarter of 2021 with positive financial results.
According to the results of the first quarter of 2021, the total assets of TuranBank OJSC increased by 16.3% or 83.7 million compared to the same period last year. AZN increased by 597.7 mln. manat, including loans to customers by 4.8% or 16.4 mln. AZN increased by 356.1 mln. manat. Also in the total deposit portfolio 21.6% or 55.3 mln. manat increase was observed. The deposit portfolio increased by 311.1 million manat at the end of the quarter. Despite the restrictive measures taken in connection with the pandemic and the economic difficulties associated with it, the Bank ended the first quarter with a net profit of 105,000 manat. In addition, taking into account market demand, appropriate steps have been taken to expand digitalization, and the scope of remote services has been expanded. A completely new internet banking, mobile banking systems, as well as a new version of the mobile banking application has been made available to customers via the Android, iOS and Huawei platforms. It should be noted that the Mobile Banking application allows you to make payments, transfers and various banking operations without visiting the bank, as well as the opportunity to receive updated information on loans, deposits, card products and other services provided by the bank to customers.
