Azerbaijan, Baku, Feb. 22 / Trend /
Azerbaijani DemirBank's assets as of February 1, 2013 amount 367.7 mln manat, which exceeds the same indicator of previous year by 1.9 mln manat. Volume of the loan portfolio also increased by 4.5 percent and reached 277.6 mln manat, the bank said today.
Total value of customer deposits as of February 1, 2013 is equal to 158.6 mln manat. Value of individuals' term deposits has reached 134.3 mln manat, which represents a 27.3 percent or 28.8 mln manat increase.
As of February 1, 2013 DemirBank's shareholders capital amounted 21 mln manat, while total regulatory capital reached 56 mln manat.
One of the first and leading banks 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 "B" rating with "stable" forecast of Fitch Ratings and Planet Rating. These ratings are one of the best in Azerbaijan banking sector.
The official exchange rate is 0.7847 AZN/USD on Feb. 22.
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