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Assets of DemirBank increased by 18.4%

Business Materials 27 May 2011 18:43 (UTC +04:00)
DemirBank's assets as of May 1, 2011 amount 325.2 mln AZN, which exceeds the same indicator of previous year by 50.6 mln AZN or 18.4%. Volume of the loan portfolio also increased by 23.8% and reached 233.3 mln AZN.
Assets of DemirBank increased by 18.4%

DemirBank's assets as of May 1, 2011 amount 325.2 mln AZN, which exceeds the same indicator of previous year by 50.6 mln AZN or 18.4%. Volume of the loan portfolio also increased by 23.8% and reached 233.3 mln AZN.

Total value of customer deposits as of May 1, 2011 is equal to 128.2 mln AZN. Value of individuals' term deposits has reached 90.8 mln AZN, which represents a 13.6% or 10.8 mln AZN increase.

As of May 1, 2011 DemirBank's shareholders capital amounted 20 mln AZN, while total regulatory capital reached 48.5 mln AZN.

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).

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