Azerbaijani bank ups assets by 18 percent
Azerbaijan, Baku, Sept. 21 / Trend /
Azerbaijani DemirBank's assets as of September 1, 2010 amount 284.7mln manat, which exceeds the same indicator of previous year by 44.1mln manat or 18.3 percent, the company reported.
Volume of the loan portfolio also increased by 18.1 percent and reached 209mln manat.
Total value of customer deposits as of September 1, 2010 is equal to 97.1mln manat. Value of population's deposits has reached 82.3mln manat, which represents a 45.6 percent or 25.8mln manat increase.
As of September 1, 2010 DemirBank's shareholders capital amounted 19mln manat, while total regulatory capital reached 48mln manat.
One of the first banks of Azerbaijan, DemirBank (formerly called Azerdemiryolbank) 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 0.3032 manat to $1 Sept. 21.