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Azerbaijani Azerdemiryolbank's loan portfolio ups 7 percent

Business Materials 29 July 2009 13:07 (UTC +04:00)

Azerbaijan, Baku, July 29 / Trend /

Assets of the Azerbaijani Azerdemiryolbank increased in July and amounted to 215.4 million manat as for July 1, the bank said on June 12. This figure upped 11.9 million manat or 5.9 percent within the last year. The bank's loan portfolio increased 6.8 percent or 10.4 million manat and was 163.5 million manat.

Clients' urgent deposits totaled 51.7 million manat, increasing by 27.6 percent or 11.2 million manat compared to the same period of 2008.

Clients' deposits reached 51 million manat. This figure increased 31.3 percent or 12.1 million manat which testifies the bank's successful activity.

The bank's general capital made up 39.7 million manat and the paid authorized capital was 13.4 million manat in the report period.

One of the country's first commercial banks Azerdemiryolbank was founded in 1989. The bank's shareholders also include giant international finance organizations, such as EBRD and FMO. The bank has 32 branches and department in Baku and the regions.

On July 29, the official exchange rate is 0.8042 manat to $1.

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