Today.Az » Business » DemirBank’s assets up
20 April 2012 [17:10] - Today.Az
DemirBank’s assets as of April 1, 2012 amount 358.3 mln AZN, exceeds the same indicator of previous year by 29.8 mln AZN or 9.1%. Volume of the loan portfolio also increased by 12.8% and reached 265.6 mln AZN, the bank reported.
Total value of customer deposits as of April 1, 2012 is equal to 133.2 mln AZN. Value of individuals’ term deposits has reached 110.4 mln AZN.
As of April 1, 2012 DemirBank’s shareholders capital amounted 21 mln AZN, while total regulatory capital reached 51.2 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).