Assets of Azerbaijani "DemirBank" exceed $526 million

Photo: Assets of Azerbaijani "DemirBank" exceed $526 million / Economy news

Baku, Azerbaijan, July 14
By Emin Aliyev - Trend:

DemirBank's total assets as of July 1, 2014 amount equals 412.9 mln AZN, the bank reported.

Volume of the loan portfolio also increased by 14% and reached 319.5 mln AZN.

Total value of customer deposits as of July 1, 2014 is equal to 194.1 mln AZN. Value of individuals' term deposits has reached 165.6 mln AZN, which represents a 19.5% or 27.1 mln AZN increase.

As of July 1, 2014 DemirBank's total regulatory capital reached 62.8 mln AZN, so this indicator covers AZN 50 million of the total capital amount demanded by the Central Bank of Azerbaijan Republic as of January 1, 2015.

The first commercial bank of Azerbaijan, DemirBank started its operations in October 1989. Shareholders of the Banks include large international financial institutions, such as the European Bank for Reconstruction and Development (EBRD) and Netherlands Development Finance Company (FMO). DemirBank has the "B" rating with "positive" forecast of "Planet Rating" and "Fitch Ratings" agencies.

The official exchange rate on July 14 is 0,7844 AZN / USD.

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