Azerbaijan, Baku, Oct.25 / Trend /
DemirBank's assets as of October 1, 2010 amount 299.6 mln manat, which exceeds the same indicator of previous year by 48.6 mln manat or 19.4%. Volume of the loan portfolio also increased by 19.2% and reached 219.7 mln manat.
Total value of customer deposits as of October 1, 2010 is equal to 97.8 mln manat. Value of population's deposits has reached 80.4 mln manat, which represents a 27.9% or 17.6 mln manat increase.
As of October 1, 2010 DemirBank's shareholders capital amounted 19 mln manat, while total regulatory capital reached 48.8 mln 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).
Official exchange rate is 0.8009 manat to $1 Oct.25.