Azerbaijan, Baku, Dec. 18 / Trend /
DemirBank's assets as of December 1, 2012 amounted to 374.1 mn AZN, which exceeds the same indicators of previous years by 15.7 mn AZN or 4.4%, the bank reported on Tuesday.
Volume of the loan portfolio has reached 285.8 mn AZN, increasing by 29.1 million or by 11.3%.
The total value of customer deposits as of December 1, 2012 is equal to 155.4 mn AZN. The value of individuals' term deposits has reached 127.8 mn AZN, which represents a 30.3% or 29.7 mn AZN increase.
As of December 1st, 2012, DemirBank's shareholders capital amounted to 21 mln AZN, while total regulatory capital reached 56.7 mln AZN.
One of the first and leading banks of Azerbaijan, DemirBank began its operations in October 1989. The Bank's shareholders include large international financial institutions such as the European Bank for Reconstruction and Development (EBRD) and the Netherlands Development Finance Company (FMO). DemirBank has a "B" rating with a "stable" forecast from Fitch Ratings and Planet Rating. These ratings are amongst the best in the Azerbaijan banking sector.
The official exchange rate for December 18th is 0,7849 AZN / USD.