Azerbaijan, Baku, May 17 / Trend A. Hasanov /
As of the first quarter of 2012, the assets of the Azerbaijani Demirbank increased by 10.8 per cent, amounting to 358.25 million manat, the bank told Trend on Thursday.
The bank's loan portfolio during the reporting period increased by 11.9 per cent and amounted to 265.56 million manat, including loans to physical entities of 122.07 million manat (an increase of 25 per cent).
The bank's deposit portfolio declined by 4.4 per cent and hit 133.26 million manat compared to the same period of 2011.
The bank's expenses in the first quarter hit 10.12 million manat, income - 11.09 million manat and net profit - 970,000 manat.
The bank's authorised capital during the reporting period increased by five per cent and amounted to 21 million manat. The total capital increased by 5.4 per cent and amounted to 51.22 million manat.
The number of active cards for the period increased by 11.7 per cent and hit 31,543 items. The number of ATMs is 55, and POS-terminals - 1454 (increased by 5.7 times).
DemirBank was established in 1989. Its shareholders are such large international financial organisations as the European Reconstruction and Development Bank (EBRD) and Netherlands Development Finance Company (FMO).
At present, DemirBank has 31 branches, 13 of them are in Baku, 18 in Ganja, Sumgait, Sheki, Zagatala, Yevlakh, Barda, Gazakh, Shamkir, Guba, Gusar, Goychay, Agdash, Agsu, Shamakhi, Lankaran, Masalli, Sabirabad and Imishli.
The official exchange rate is 0,7858 AZN/USD on May 17.