Azerbaijan, Baku, Sept.20 / Trend /
Azerbaijani DemirBank's assets as of September 1, 2012 amount 375.4 million manat, which exceeds the same indicator of previous year by 44.8 million manat or 13.6%, the bank's press release says on Thursday.
Volume of the loan portfolio also increased by 14.9% and reached 283.6 million manat.
Total value of customer deposits as of September 1, 2012 is equal to 148.7 million manat. Value of individuals' term deposits has reached 124.3 million manat, which represents a 29.1% or 28 million manat increase.
As of September 1, 2012 DemirBank's shareholders capital amounted 21 million manat, while total regulatory capital reached 56.8 million manat.
One of the first and leading 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). DemirBank has "B" rating with "stable" forecast of Fitch Ratings and "B" rating with "stable" forecast of Planet Rating. These ratings are one of the best in Azerbaijan banking sector.
The official exchange rate is 0.7853 manat to $1 on Sept.20.