Azerbaijan, Baku, May 30 / Trend A.Akhundov /
During the general meeting of shareholders of the Azerbaijani DemirBank, which is scheduled for July 14, amendments to the charter of the bank and the state registration of the amendments will be considered, the bank's statement said on Wednesday.
In addition, the agenda includes approval of the annual financial report, confirmed by a third-party auditor of the bank, and recommended by the audit committee, annual report on investment securities, as well as profit sharing and transfer to the board of power to take on commitments.
The meeting of shareholders will begin at 11:00 am on July 14 in the assembly hall of the Tefekkur University at the address: Baku, Tabriz Street, 19.
As of result of 2011, assets of DemirBank increased by 5.1 percent, reaching 357.6 million manat, and loans to customers grew by 5.5 percent to 259.8 million manat. The total amount of term deposits in DemirBank increased by 19.1 percent, amounting to 102 million manat. The authorised capital of the bank amounted to 21 million manat, and aggregate capital - 50 million manat.
One of the first banks of Azerbaijan, DemirBank 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 0.7858 AZN to $1 on May 30.