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Azerbaijani bank ups individuals’ term deposits by 22 percent

Azerbaijani bank ups individuals’ term deposits by 22 percent

Azerbaijan, Baku, May 17 / Trend /

DemirBank's assets as of May 1, 2012 amount 352.1 mln manat, which exceeds the same indicator of previous year by 27.7 mln manat or 8.5 percent, the statement said today.

Volume of the loan portfolio also increased by 18 percent and reached 275.4 mln manat.

Total value of customer deposits as of May 1, 2012 is equal to 130.8 mln manat. Value of individuals' term deposits has reached 114.6 mln manat, which represents a 22.1 percent or 20.7 mln manat increase.

As of May 1, 2012 DemirBank's shareholders capital amounted 21 mln manat, while total regulatory capital reached 50.1 mln manat.

One of the first banks of Azerbaijan, DemirBank 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).

The official exchange rate is 0,7858 AZN/USD on May 17.

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