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New appointment in Azerbaijani DemirBank

Business Materials 22 September 2016 16:54 (UTC +04:00)
Azerbaijani DemirBank has announced a new appointment.
New appointment in Azerbaijani DemirBank

Baku, Azerbaijan, Sept. 22

By Anvar Mammadov – Trend:

Azerbaijani DemirBank has announced a new appointment.

Nuru Khalilov has been appointed director of DemirBank’s retail banking department, said a message posted on the bank’s website.

Previously, the position was vacant, the message said.

According to the message, currently, there are 17 departments in the bank.

There are three vacant positions in the bank, namely, director of corporate banking department, director of risk management department and director of strategic development department, the message said.

DemirBank, the first commercial bank of Azerbaijan, started to operate in 1989.

Such major international financial organizations as the European Bank for Reconstruction and Development, the Netherlands Development Finance Company are among its shareholders.

As of the end of the first quarter of 2016, the volume of DemirBank’s assets totaled 548.61 million manats (official exchange rate for Sept. 22 is 1.6331 AZN/USD). The bank’s credit portfolio amounted to 401.02 million manat, while authorized capital - 21 million manats.

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