Demirbank gets 12% rise in assets

Demirbank gets 12% rise in assets
# 21 November 2014 10:45 (UTC +04:00)

Baku. Parviz Nuriyev – APA-Economics. In this third quarter of 2014, Demirbank’s assets stood at AZN 423.424 mln, up 12.02% from previous year.

Bank says the loan portfolio rose 8.34% to AZN 319.521 mln, consumption loans raised 14.84% to AZN 174.337 mln, mortgage loans grew 20.76% to AZN 50.287 mln (AZN 34.809 mln or 69.22% given through AMF), overdue credits went up 32.48% to AZN 16.726 mln.

Deposit portfolio increased 11.92% to AZN 194.561 mln, personal savings gained 13% to settle at AZN 177.217 mln.

Total capital surged 5.65% to AZN 61.077 mln, authorized capital remained unchanged at AZN 21 mln.

Revenues soared 42.62% to AZN 63.897 mln, expenditures advanced 46.32% to AZN 60.435 mln.

Profit made AZN 2,626,640.

The bank operates 33 branches, 57 ATMs and 1,071 POS-terminals across the country.

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