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Deposits of customers in DemirBank increases by 64%

Business Materials 20 November 2009 12:40 (UTC +04:00)
As of Nov.1, 2009 DemirBank’s assets amount 256.3 mln manat6, which exceeds the same indicator of previous year by 43.8 mln manat or 20.6%. Volume of the loan portfolio also increase this year and reached 187.8 mln manat, the bank reported.
Deposits of customers in DemirBank increases by 64%

Azerbaijan, Baku, Nov. 20 / Trend /

As of Nov.1, 2009 DemirBank's assets amount 256.3 mln manat6, which exceeds the same indicator of previous year by 43.8 mln manat or 20.6%. Volume of the loan portfolio also increase this year and reached 187.8 mln manat.

Total value of customer deposits as of November 1, 2009 is equal to 90.6 mln manat, which is a 63.5% or 35.2 mln manat increase compared to the same period of the previous year.

Value of population's deposits has reached 63.6 mln manat, which represents a 56.3% or 22.9 mln manat increase. This is another evidence of Bank's successful functioning.

As of November 1, 2009 DemirBank's charter capital amounted 16.4 mln manat, while total regulatory capital reached 45.5 mln manat.

One of the first banks of Azerbaijan, DemirBank (formerly called Azerdemiryolbank) started its operations 20 years ago 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).

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