Azerbaijani bank ups assets

DemirBank’s assets as of December 1, 2011 amount 358.4 mln AZN, which exceeds the same indicator of previous year by 70.4 mln AZN or 24.5%. Volume of the loan portfolio also increased by 12.2% and reached 256.7 mln AZN.

Total value of customer deposits as of December 1, 2011 is equal to 145.9 mln AZN. Value of individuals’ term deposits has reached 98.1 mln AZN, which represents a 20.9% or 16.9 mln AZN increase. As of De.r 1, 2011 DemirBank’s shareholders capital amounted 21 mln AZN, while total regulatory capital reached 49.1 mln AZN.

One of the first banks of Azerbaijan, DemirBank (formerly called Azerdemiryolbank) started its operations in October 1989. Shareholders of the Banks include large international financial institutions, such as European Bank for Reconstruction and Development (EBRD) and Netherlands Development Finance Company (FMO).


/Today.Az/